4-Room HDB for Room Rent: 49 Strathmore Avenue

The valuation of the HDB 4-room unit in Queenstown, with a remaining lease of 93 years, stands at an estimated value of $160,435, translating to a price per square foot (PSF) of $1,070. This valuation is particularly noteworthy as it reflects a market price that is consistent with the baseline, indicating a stable demand in the area and a balanced supply-demand dynamic. The absence of a price difference from the baseline suggests that the property is positioned fairly within the current market context, which is crucial for potential buyers and investors alike.

Based on an analysis of 10 recent HDB resale transactions in the vicinity, the model confidence for this valuation is categorized as medium. This classification underscores the need for potential stakeholders to remain cognizant of broader market trends and local developments that could influence future valuations. The Queenstown precinct is known for its strategic location and accessibility, which often propels interest in HDB properties, especially those with a substantial remaining lease like this unit. As such, this valuation presents a compelling opportunity for buyers looking to invest in a well-established neighborhood with growth potential.