5-Room HDB for Room Rent: 426 Choa Chu Kang Avenue 4

The HDB 5-room property located in Choa Chu Kang, with a remaining lease of 64 years, is currently estimated at a market value of $69,554, translating to a price per square foot (PSF) of $464. This valuation reflects a stable market signal, indicating no deviation from the baseline price expectations within the area. Such consistency in pricing is indicative of a well-functioning market, where demand and supply are in equilibrium, suggesting that prospective buyers are willing to transact at this valuation without significant negotiation or adjustment.

Our model confidence is rated as high, reinforced by the analysis of 103 recent HDB resale transactions in the vicinity, which provides a robust dataset for comparison. The enduring appeal of Choa Chu Kang, coupled with its established infrastructure and community amenities, supports the sustained demand for HDB properties in this locale. As the remaining lease is a critical factor in HDB valuations, the 64 years left on this unit’s lease offers a reasonable time horizon, appealing to families seeking long-term residency. The stability in pricing coupled with a healthy transaction volume suggests that this property represents a sound investment opportunity for potential buyers looking to enter the HDB market in Singapore.