4-Room HDB for Room Rent: 61A Strathmore Avenue

In the highly sought-after district of Queenstown, the valuation of a 4-room HDB unit with a remaining lease of 83 years stands at an estimated value of $1,518,574, translating to $1,011 PSF. This valuation reflects a market price that is aligned with the baseline, indicating no discernible premium or discount relative to recent transactional data. The stability of this pricing suggests a balanced demand and supply dynamic within the vicinity, which is further corroborated by the analysis of six recent HDB resale transactions that provide a robust foundation for this valuation.

However, it is essential to note the model confidence in this valuation is categorized as low, suggesting that while the valuation is grounded in empirical data, external market factors or fluctuations could influence actual sale prices. The longevity of the lease remaining on this property, at 83 years, positions it favorably in the market, attracting buyers who are increasingly mindful of leasehold durations in their purchasing decisions. As Queenstown continues to evolve with ongoing urban developments, the demand for HDB units in this area remains resilient, albeit warranting careful observation of market trends and buyer sentiment moving forward.