504 Jurong West Street 51

The recent valuation of the HDB 2-room unit in Jurong West, with a remaining lease of 58 years, stands at an estimated value of $57,546, translating to a price per square foot (PSF) of $575. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand within this segment of the HDB market. With the valuation showing a 0% difference from the baseline, it suggests that the property is competitively priced, particularly given its location in Jurong West, a region known for its accessibility and burgeoning amenities.

Furthermore, the high model confidence, based on an analysis of 74 recent HDB resale transactions in the vicinity, reinforces the reliability of this valuation. The Jurong West area has seen a steady influx of interest from both first-time buyers and investors, driven by infrastructural developments and a growing community. As such, the remaining lease of 58 years is a critical factor influencing buyer sentiment, as properties with longer leases typically command higher interest. Overall, this valuation not only encapsulates the current market dynamics but also aligns with broader trends in the HDB sector, where strategic location and lease tenure are pivotal in determining property value.