4-Room HDB for Room Rent: 54 Havelock Road

The valuation of the 4-room HDB unit in Queenstown, with a remaining lease of 84 years, reflects a nuanced understanding of the current market dynamics and demand patterns within this sought-after district. With an estimated value of $194,681, translating to a price per square foot (PSF) of $1,082, this property stands at a pivotal point in the market. The valuation indicates a stable market price, showing a 0% difference from the baseline, which suggests a balance between buyer sentiment and seller expectations in the current economic climate.

In analyzing the data from 129 recent HDB resale transactions in the vicinity, the model confidence in this valuation is rated as high. This robust analytical approach underscores the property’s competitive positioning within the market, especially considering the long leasehold nature of HDBs in Singapore, which typically attracts both first-time buyers and long-term investors. As Queenstown continues to evolve with infrastructural developments and urban revitalization projects, the demand for HDB units in this locale is likely to remain resilient, further solidifying its appeal as a sound investment choice in Singapore's dynamic real estate landscape.