5-Room HDB for Room Rent: 230 Jurong East Street 21

The valuation of the HDB 5-room unit in Jurong East, with a remaining lease of 54 years, stands at an estimated value of $39,901, translating to a price per square foot (PSF) of $399. This valuation reflects a market price that is consistent with the baseline, indicating no significant deviation from current market trends. Such stability in pricing suggests that the unit is positioned within a competitive segment of the market, where demand and supply dynamics are well-balanced.

However, it is crucial to note that the model confidence associated with this valuation is categorized as low, which may imply a level of uncertainty regarding market fluctuations or the economic environment impacting property values in the area. This valuation is derived from an analysis of three recent HDB resale transactions within close proximity, providing a localized benchmarking context. Stakeholders should consider the implications of the remaining lease duration, as properties with shorter remaining leases can often experience diminished appeal and value over time, particularly in a market that increasingly favors longer leases. As such, prospective buyers are encouraged to weigh these factors carefully when assessing the investment potential of this property.