5-Room HDB for Room Rent: 123D Rivervale Drive

The valuation of this HDB 5-room property in Serangoon, with a remaining lease of 71 years, is estimated at $123,282, translating to a price per square foot (PSF) of $685. This valuation is particularly significant in the context of the current market dynamics, as it reflects a market price that shows a 0% difference from the baseline. Such stability suggests a balanced demand and supply scenario in the HDB resale market, characteristic of the Serangoon area, which is known for its strategic location and vibrant community amenities.

With a model confidence rating categorized as high, the valuation is supported by an analysis of 41 recent HDB resale transactions within the vicinity. This robust dataset reinforces the reliability of the estimated value, highlighting a consistent performance trend in property prices. As Singaporean homebuyers increasingly prioritize longevity and stability in their investments, properties with a remaining lease of over 70 years, such as this one, are likely to continue attracting interest, underscoring the importance of lease tenure in overall valuation assessments.