5 Room (5I) HDB for Sale in 117 Serangoon North Avenue 1

The valuation of the 5-room HDB unit in Serangoon, with a remaining lease of 57 years, has been estimated at $661,334, translating to $508 per square foot (PSF). This valuation indicates a significant market position, as it stands at a premium of 13.2% above the baseline value for similar properties in the region. Such a premium suggests a robust demand for HDB properties within this vibrant residential enclave, reflecting the area's desirability and the intrinsic value attributed to its location.

Our analysis is bolstered by a high model confidence rating, derived from a thorough examination of 146 recent HDB resale transactions in the vicinity. The elevated valuation can be attributed to several market dynamics, including limited supply, the ongoing urban development initiatives in Serangoon, and the area's strong connectivity and amenities. The remaining lease of 57 years remains a critical factor, as it provides a balanced perspective on the expected lifespan of the asset, positioning it as a viable long-term investment opportunity in the current competitive market landscape.