4-Room HDB for Room Rent: 21 Teban Gardens Road

The valuation of the HDB 4-room unit in Jurong East, with a remaining lease of 85 years, has been estimated at $74,689, translating to a price per square foot (PSF) of $679. This figure aligns closely with the current market price, reflecting a 0% difference from the baseline. Such stability in pricing indicates a well-balanced market environment, where supply and demand are likely maintaining equilibrium. The medium confidence level in this assessment suggests a reliable valuation, bolstered by a review of 14 recent HDB resale transactions in the vicinity, which reinforces the current market dynamics.

Jurong East remains a desirable location within Singapore, characterized by its robust infrastructure and proximity to various amenities. The remaining lease of 85 years provides a significant advantage, as properties with longer leases tend to retain their value more effectively in the resale market. Buyers are increasingly attracted to HDB properties that offer longevity in lease terms, as this factor is crucial for long-term investment stability. The consistency in the market price underscores the resilience of the HDB segment in this region, despite broader economic fluctuations.