Common Room (HDB) for Rent in 816 Woodlands Street 82

The HDB 2-room property located in the Woodlands area, with a remaining lease of 58 years, has been appraised at an estimated value of $62,068, translating to a price per square foot (PSF) of $517. This valuation reflects a market price that is currently aligned with the baseline, indicating a 0% difference from the established market average. Such stability in pricing suggests a period of equilibrium in the local real estate market, where supply and demand are balanced.

However, it is important to note that the model confidence for this valuation is categorized as low. This is primarily due to the limited data set, which is based on only four recent HDB resale transactions in the vicinity. The low confidence level may imply that the market dynamics are influenced by external factors, including economic conditions and government policies affecting the HDB sector. As buyers become increasingly concerned with the remaining lease period and its impact on long-term investment potential, the valuation reflects a cautious approach to pricing in this segment.