3-Room HDB for Room Rent: 114 Jurong East Street 13

The valuation of the HDB 3-room unit in Jurong East, with a remaining lease of 54 years, stands at an estimated value of $77,401, translating to a price per square foot (PSF) of $430. This valuation reflects a market price that is consistent with the baseline, indicating a neutral market sentiment in this segment. Such stability may suggest a balance between supply and demand, where buyers and sellers are currently aligned in their expectations, despite the low confidence level associated with this model.

It is crucial to note that the model confidence is categorized as low, which implies that the valuation may be influenced by limited data availability, with only one recent HDB resale transaction recorded in the vicinity. This scarcity of comparative transactions can hinder the predictive accuracy of the valuation model, making it essential for potential buyers and investors to exercise caution. The remaining lease of 54 years may also play a significant role in the investment decision, as properties with shorter leases typically attract different buyer demographics and can experience varied market dynamics. As such, stakeholders should consider both the property’s lease tenure and the overall market conditions when evaluating this HDB unit in Jurong East.