5-Room HDB for Room Rent: 328 Jurong East Street 31

The valuation of the HDB 5 room unit in Jurong East, with a remaining lease of 59 years, stands at an estimated value of $67,754, translating to a price per square foot (PSF) of $452. This valuation is significant as it reflects the current market equilibrium, with a market price showing no deviation from the established baseline. Such stability in pricing is indicative of a robust demand and supply dynamic in the Jurong East area, particularly for HDB properties, which are known for their affordability and accessibility in Singapore’s real estate landscape.

Notably, the model confidence for this valuation is assessed as high, based on a comprehensive analysis of 228 recent HDB resale transactions in the vicinity. This extensive dataset provides a strong foundation for the valuation and highlights the consistency of the market performance in this region. As Jurong East continues to develop as a key commercial and residential hub, the remaining lease of 59 years on this property suggests an opportunity for potential buyers to invest in a promising area with long-term growth potential.