4 Room (4A) HDB for Sale in 642 Jurong West Street 61

The valuation of the HDB 4-room unit in Jurong West, with a remaining lease of 71 years, stands at an estimated value of $563,119, translating to a price per square foot (PSF) of $523. This valuation positions the property above the current market baseline by 13.3%, indicating a strong demand perception in this locality. The higher-than-average valuation suggests that buyers may be willing to pay a premium for this unit, potentially due to its strategic location, community amenities, and transport connectivity that Jurong West offers.

However, it is crucial to note that the model confidence for this valuation is classified as low, which indicates potential volatility in market dynamics. This assessment is derived from only four recent HDB resale transactions within the vicinity, which may not provide a comprehensive view of the market trends. As the remaining lease of 71 years is a significant factor in HDB valuations, prospective buyers and investors should consider the long-term implications of lease tenure on property value appreciation and resale potential. Continuous monitoring of market conditions and transaction volumes will be essential for making informed decisions in this evolving landscape.