4-Room HDB for Room Rent: 655A Jurong West Street 61

The valuation of the 4-room HDB unit in Jurong West, with a remaining lease of 73 years, stands at an estimated value of $93,383, reflecting a price per square foot (PSF) of $623. This valuation is indicative of a stable market price, with a 0% variance from the baseline, suggesting that the property is currently aligned with prevailing market conditions. The consistency in price points indicates a balanced demand and supply dynamic within the Jurong West area, which is characterized by a mix of residential and commercial developments.

However, it is important to note that the model confidence for this valuation is classified as low. This is primarily due to the reliance on only five recent HDB resale transactions in the vicinity, which may not provide a comprehensive view of the market trends. As the HDB lease diminishes over time, potential buyers are increasingly focused on the remaining lease period, which can significantly influence their purchasing decisions. In this context, the property’s 73-year lease remains a critical factor in its long-term valuation and market viability.