5-Room HDB for Room Rent: 121B Rivervale Drive

The valuation of the HDB 5-room unit in Serangoon, with a remaining lease of 72 years, stands at an estimated value of $68,201, equating to a price per square foot (PSF) of $682. This valuation reflects a critical understanding of the property market dynamics in this vibrant region of Singapore. Given that the market price aligns perfectly with our baseline assessment, indicating a 0% difference, it suggests a balanced state of demand and supply, with no significant upward or downward pressure currently influencing the pricing of similar HDB units in the vicinity.

The high model confidence, derived from an analysis of 40 recent HDB resale transactions in the area, reinforces the accuracy of this valuation. This strong data foundation not only underscores the robustness of the current market conditions but also highlights the enduring appeal of HDB properties in Serangoon. As buyers continue to navigate the complexities of the property landscape, understanding lease durations becomes paramount. With 72 years remaining on the lease, prospective homeowners can feel assured of a substantial tenure, making this property an attractive option for both investors and families alike.