5 Room (5I) HDB for Rent in 977 Jurong West Street 93

The valuation of the 5-room HDB unit in Jurong West, with a remaining lease of 61 years, stands at an estimated value of $528,301, translating to $409 per square foot. This valuation indicates a stable market position, as it reflects a 0% difference from the baseline market price. The model confidence is classified as high, underscoring the reliability of the data derived from a comprehensive analysis of 60 recent HDB resale transactions within the vicinity. This robust dataset not only validates the current valuation but also emphasizes the enduring appeal of the Jurong West area as a desirable residential location.

In the context of Singapore's dynamic real estate landscape, the remaining lease of 61 years presents an intriguing aspect for potential buyers and investors. Properties with longer leases tend to command higher prices, yet this valuation demonstrates that even with a shorter lease term, the demand for HDB units in Jurong West remains resilient. Factors such as proximity to amenities, transport links, and community development initiatives continue to bolster market confidence in this region. As such, buyers should consider both the current valuation and the broader market dynamics when evaluating this property, as it represents not only a home but also a strategic investment within a flourishing neighborhood.