4-Room HDB for Room Rent: 49 Strathmore Avenue

The valuation of the HDB 4-room unit in Queenstown, with a remaining lease of 79 years, stands at an estimated value of $192,522, translating to a price per square foot (PSF) of $1,070. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand for HDB properties in this sought-after locality. Queenstown has historically been a desirable residential area, benefiting from its strategic location and connectivity to various amenities, which continues to reinforce its attractiveness to both homebuyers and investors.

Analyzing the surrounding market dynamics, the model confidence for this valuation is rated as medium, based on insights drawn from 10 recent HDB resale transactions in the vicinity. The uniformity in pricing suggests a balanced market where supply and demand are in equilibrium. As the remaining lease of 79 years is still substantial, it aligns well with the preferences of prospective buyers who are often inclined towards properties with longer lease tenures. However, potential fluctuations in market sentiment and economic conditions should be monitored, as they could impact future valuations in this vibrant residential enclave.