5-Room HDB for Room Rent: 183C Rivervale Crescent

The valuation of the HDB 5 Room unit in Serangoon is set at an estimated value of $112,489, translating to a price per square foot (PSF) of $750. With a remaining lease of 74 years, this property stands at a competitive position in the current market landscape. The valuation reflects an equilibrium state, as indicated by a market price that shows a 0% difference from the baseline. This stability suggests a balanced supply and demand dynamic, ensuring that the property can maintain its value amidst fluctuating market conditions.

Our analysis is backed by a robust model confidence rating of high, derived from 21 recent HDB resale transactions in the vicinity. Such a significant sample size enhances the reliability of our findings, reinforcing the property’s valuation as reflective of current market sentiments. The 74-year remaining lease is particularly relevant, as it positions the unit favorably against other properties with shorter leases, appealing to both homeowners and investors seeking long-term value retention. In conclusion, this HDB unit in Serangoon emerges as a compelling opportunity within a stable market environment, poised for potential appreciation as urban development continues to evolve in the region.