5 Room (5I) HDB for Sale in 409B Northshore Drive

The valuation of the 5-room HDB unit in Serangoon, with a remaining lease of 93 years, stands at an estimated value of $789,241, translating to $655 per square foot. This valuation positions the property significantly above the baseline market value, reflecting a 7.7% premium. Such a differential underscores the strong demand and resilient pricing power in the Serangoon area, which is notable for its strategic location and well-established amenities.

This valuation is supported by a robust dataset of 146 recent HDB resale transactions within the vicinity, contributing to a high model confidence level. The ongoing market dynamics suggest a sustained interest in HDB properties, particularly those with longer lease tenures. As buyers increasingly prioritize longevity in leasehold properties, the remaining 93 years of lease on this unit enhances its attractiveness, potentially driving further appreciation in value as the market evolves.