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

The valuation of the HDB 5 Room unit in Serangoon, with a remaining lease of 74 years, stands at an estimated value of $112,489, translating to a price per square foot (PSF) of $750. This appraisal reflects a steady market signal, showing a 0% difference from the baseline, indicating a stable valuation in relation to recent trends in the local HDB resale market. With model confidence rated as high, this valuation is supported by a robust analysis of 21 recent HDB resale transactions in the vicinity, underscoring the reliability of the data and the precision of the valuation model.

The remaining lease of 74 years is a significant factor influencing the valuation, as it offers prospective buyers an extended period of ownership, which is particularly appealing in Singapore's tightly regulated property market. As demand for HDB properties remains consistent due to the area's amenities and transport infrastructure, this property exemplifies the resilience of the Serangoon market. In the context of broader market dynamics, the absence of price fluctuation signals a balanced supply and demand scenario, reinforcing the attractiveness of this investment for both homeowners and investors alike.