Terraced House for Room Rent: Lorong Lew Lian

The valuation of the HDB 2-room unit in Serangoon, with a remaining lease of 61 years, stands at an estimated value of $135,126, translating to a price per square foot (PSF) of $541. This figure reflects a market price that aligns precisely with the baseline, indicating a stable yet cautious sentiment among potential buyers and investors in the area. The low model confidence rating suggests that while the data may be consistent with recent trends, the broader market dynamics warrant a more nuanced consideration.

Recent resale transactions within the vicinity, which serve as the foundation for this valuation, highlight the importance of local market conditions in determining property worth. With only two comparable sales recorded, the reliance on limited data may contribute to the low confidence rating, emphasizing the need for potential buyers to conduct thorough due diligence. As the remaining lease period of 61 years continues to play a significant role in buyer sentiment, it is essential to monitor how lease lengths influence the market, particularly in a competitive landscape such as Serangoon, where demand for HDB properties remains resilient.