4-Room HDB for Room Rent: 147 Lorong 2 Toa Payoh

In the heart of Toa Payoh, a 4-room HDB unit has been valued at $114,937, translating to a price per square foot of $1,149. With a remaining lease of 77 years, this property exemplifies the balance between longevity and market demand in a well-established residential estate. The valuation indicates a market price that aligns perfectly with the baseline, showcasing a 0% difference and suggesting a stable pricing environment influenced by recent transactional activities.

Analysis of the surrounding market reveals insights from 8 recent HDB resale transactions in the area, contributing to a model confidence rating of medium. This level of confidence reflects a moderate degree of variability in the market, indicative of factors such as demand fluctuations and potential upcoming developments that could influence future pricing. As Toa Payoh continues to maintain its appeal due to its strategic location and community amenities, the 77-year lease remains a significant asset, providing both security for homeowners and a solid investment prospect for potential buyers.