Common Room (HDB) for Rent in 407 Serangoon Avenue 1

The valuation of the HDB 2-room unit in Serangoon, with a remaining lease of 61 years, is estimated at $66,768, translating to a price per square foot (PSF) of $556. This valuation reflects a market price that is consistent with the baseline, indicating that the property is currently in equilibrium with the prevailing market conditions. The stability in pricing suggests a measured demand for HDB units in this locale, which is characterized by its mature estate appeal and proximity to essential amenities and transport links.

Despite the absence of price fluctuation from the baseline, the model confidence in this valuation is categorized as low, largely due to the limited data set of only two recent HDB resale transactions in the vicinity. This scarcity of comparable sales can introduce variability in the valuation process, potentially impacting the accuracy of the estimated value. Investors and homeowners should consider the long-term lease duration of 61 years, as it positions the property within a critical phase of its lifecycle, which may influence future resale potential and investment returns in the evolving Singapore real estate market.