4-Room HDB for Room Rent: 401 Serangoon Avenue 1

The valuation for the 4-room HDB unit in Serangoon, with a remaining lease of 61 years, stands at an estimated value of $66,332, translating to a price per square foot (PSF) of $663. This figure reflects a market price that is in line with the baseline, indicating a stable price point amidst current market fluctuations. The absence of any significant deviation from the baseline suggests a balanced demand and supply equilibrium in the Serangoon area, a locality known for its robust amenities and connectivity.

However, it is important to note that the model confidence for this valuation is categorized as low, indicating potential uncertainties in the data or market conditions. This valuation is derived from an analysis of four recent HDB resale transactions in the vicinity, which provides a limited dataset for a comprehensive market analysis. As such, prospective buyers and investors should consider the implications of the remaining lease on the property’s long-term value, especially given the diminishing leasehold that may affect future resale desirability. Overall, while the current valuation reflects market stability, stakeholders should remain vigilant to evolving market dynamics that could impact future valuations.