3-Room HDB for Room Rent: 261 Serangoon Central Drive

The valuation of the HDB 3-room unit located in Serangoon, with a remaining lease of 61 years, stands at an estimated value of $90,872, translating to a price per square foot (PSF) of $606. This valuation reflects the current market dynamics, where the property exhibits a stable market price with a 0% difference from the baseline. Such stability indicates a balanced demand and supply scenario in the Serangoon area, which is known for its accessibility and vibrant community amenities.

However, it is important to note the model confidence for this valuation is categorized as low, which suggests that the estimation is subject to fluctuations based on broader market trends and buyer sentiment. The analysis draws on four recent HDB resale transactions in the vicinity, providing a foundational understanding of the market dynamics. As the remaining lease decreases, potential buyers may exhibit increased caution, influencing future resale values. Investors should consider these factors carefully, especially in a market where lease duration plays a critical role in determining property desirability and price appreciation potential.