3-Room HDB for Room Rent: 508 West Coast Drive

The valuation of the HDB 3-room unit in Clementi, with a remaining lease of 50 years, stands at an estimated value of $38,207, translating to a price per square foot (PSF) of $382. This valuation is notable as it reflects a market price that shows no deviation from the baseline, indicating a stable market condition in the area. Such stability often signals a strong demand for HDB properties in the vicinity, particularly in a location like Clementi, which is renowned for its accessibility and community amenities.

However, it is essential to note that the model confidence for this valuation is categorized as low, primarily due to the limited dataset comprising only five recent resale transactions in the area. This limited sample size may not fully capture the broader market dynamics and could result in a variance in actual sale prices. Investors and potential buyers should exercise caution and consider conducting a more extensive analysis of local market trends and historical performance while taking into account the implications of the 50-year remaining lease, which could influence buyer sentiment and future resale opportunities.