4 Room (4A) HDB for Sale in 489 Jurong West Avenue 1

The valuation of the 4-room HDB property in Jurong West, with a remaining lease of 57 years, is estimated at $415,027, translating to a price per square foot (PSF) of $375. This valuation signals a notable premium in the current market, reflecting an above-market rate with a differential of 20.5% from the baseline valuation. Such a disparity suggests that demand for this property may be influenced by factors beyond mere square footage and lease duration, possibly including the desirability of the Jurong West locale, proximity to amenities, and the overall sentiment in the HDB resale market.

However, it is important to note that the model confidence in this valuation is categorized as low, primarily due to the reliance on a single recent transaction within the vicinity. This limited data set may not accurately represent broader market trends or shifts, and potential buyers should exercise caution. The remaining lease of 57 years is a critical factor in the HDB market, as properties with shorter leases can experience diminishing value over time. Investors and homeowners alike should consider these dynamics carefully when evaluating their interest in this property.