4-Room HDB for Room Rent: 217 Serangoon Avenue 4

The valuation of the HDB 4-room unit in Serangoon, with a remaining lease of 57 years, underscores a stable market performance, reflecting an estimated value of $64,932, which translates to a price per square foot (PSF) of $541. This valuation is particularly significant as it indicates a market price that is in alignment with the baseline, showcasing a 0% variation. Such stability in pricing is indicative of a resilient demand in the HDB resale market, particularly within this sought-after locality.

Analysis based on 238 recent HDB resale transactions in the vicinity reveals a high model confidence in this valuation, suggesting that the property is competitively priced amidst current market conditions. The remaining lease of 57 years is a critical factor that influences buyer sentiment, as it balances the longevity of ownership with the potential for future appreciation. The consistent performance in the Serangoon area highlights not only the desirability of the location but also the strategic importance of lease duration in determining property value. Investors and homeowners alike may find this property appealing, as it represents a solid investment opportunity in a well-established neighborhood.