Common Room (HDB) for Rent in 365 Clementi Avenue 2

The valuation of the HDB 2-room unit located in the vibrant district of Clementi, with a remaining lease of 50 years, stands at an estimated value of $164,979, translating to a price per square foot (PSF) of $589. This valuation reflects a stable market price, indicating no significant deviation from the baseline, which suggests that the property is in line with current market expectations. The medium confidence level associated with this model underscores the importance of considering both macroeconomic factors and localized demand in the valuation process.

The analysis draws from a robust dataset of 12 recent HDB resale transactions in the vicinity, providing a comprehensive perspective on the prevailing market dynamics. Clementi is known for its strategic connectivity and proximity to educational institutions, which enhances its appeal among young families and investors alike. As the remaining lease of this HDB unit is 50 years, it remains a viable option for those looking to enter the property market, albeit with a consideration of the lease term's impact on future resale value. Overall, the current valuation reflects a stable investment opportunity within a desirable locale.