4-Room HDB for Room Rent: 291 Choa Chu Kang Avenue 3

In the context of the current property landscape in Singapore, the valuation of the HDB 4 Room unit in Choa Chu Kang stands at an estimated value of $53,566, translating to $446 PSF. With a remaining lease of 63 years, this property reflects the interplay between demand and supply dynamics in a market characterized by a cautious sentiment. The valuation indicates a market price that is in alignment with the baseline, showcasing a stable pricing environment, albeit with no significant appreciation at this juncture.

The model confidence rating for this valuation is classified as low, underscoring the inherent volatility and uncertainty in the segment. This rating is supported by recent transactional data, which includes only two comparable HDB resale transactions in the vicinity. Such limited transactional activity may not provide a robust basis for establishing a more confident valuation, particularly given the complexities associated with properties that have extended lease tenures. As the market continues to evolve, stakeholders in the HDB sector should remain attentive to shifts in buyer sentiment and the broader economic indicators that could influence future valuations.