4-Room HDB for Room Rent: 409C Northshore Drive

The valuation of the 4-room HDB unit in Serangoon, with a remaining lease of 93 years, stands at an estimated value of $69,377, translating to a price per square foot (PSF) of $694. This price reflects a market signal indicating a 0% difference from the baseline, suggesting a stable valuation amidst current market conditions. Such stability is indicative of the sustained demand for HDB properties in the Serangoon area, which is characterized by its family-friendly environment, accessibility to amenities, and well-connected public transport networks.

With a high model confidence rating based on analysis derived from 500 recent resale transactions in the vicinity, this valuation underscores the resilience of the HDB market. The remaining lease of 93 years provides a favorable backdrop for potential buyers, as properties with longer leases typically command a premium. As the market continues to evolve, potential investors and homeowners should assess the long-term implications of lease duration on property value, particularly in a market where demand for well-located residential units remains robust.