3 Room (3I) HDB for Rent in 306 Serangoon Avenue 2

The valuation of the 3-room HDB unit in Serangoon, with a remaining lease of 58 years, stands at an estimated value of $476,170, translating to a price per square foot (PSF) of $641. This valuation reflects a market price that is aligned with the baseline, indicating stability in the current HDB resale market within the area. The absence of deviation from the baseline suggests a steady demand for properties in this segment, which is crucial for potential buyers considering the longevity of the lease and the associated investment risk.

However, it is essential to note that the model confidence for this valuation is categorized as low, primarily due to the limited dataset derived from just four recent HDB resale transactions in the vicinity. This constraint highlights the volatility and potential fluctuations that can occur in the HDB market, particularly for properties with mid-range leases. Buyers and investors should approach this valuation with caution, weighing the implications of the remaining lease period against the backdrop of market dynamics and potential future appreciation.