3-Room HDB for Room Rent: 702 West Coast Road

The valuation of the HDB 3-room unit in Clementi, currently assessed at an estimated value of $192,918 ($386 PSF), reflects a stable property market with a neutral market signal indicating a 0% difference from the baseline. This valuation is supported by data derived from eight recent HDB resale transactions within the vicinity, providing a reliable benchmark for potential buyers and investors. The remaining lease of 52 years plays a crucial role in determining the long-term investment potential and marketability of this property.

In the context of the current real estate landscape in Singapore, properties with shorter remaining leases often experience fluctuations in demand. However, the Clementi area remains a sought-after locale due to its strategic location and amenities, which contribute to sustained interest. The medium confidence level of the model indicates that while the data is robust, market conditions can be influenced by external factors such as economic shifts and policy changes. Investors are advised to remain vigilant and consider these dynamics when evaluating the HDB market in this attractive district.