4 Room (4A) HDB for Rent in 328 Serangoon Avenue 3

The valuation of the 4-room HDB property located in Serangoon, with a remaining lease of 58 years, stands at an estimated value of $683,533, translating to a price per square foot (PSF) of $611. This figure reflects a market price that is in equilibrium, indicating a 0% difference from the baseline. Such stability in pricing suggests a balanced demand and supply scenario in the Serangoon area, where recent resale transactions have demonstrated consistent buyer interest.

Based on an analysis of eight recent HDB resale transactions in the vicinity, the model confidence for this valuation is classified as medium. This level of confidence is indicative of moderate variability in market conditions, which could be influenced by factors such as buyer sentiment and macroeconomic trends. The remaining lease of 58 years is particularly relevant in the context of HDB valuations, as properties with shorter leases may experience a depreciation in value over time. However, Serangoon's reputation as a well-established residential area continues to support the attractiveness of this property, reinforcing its market position in the current landscape.