Common Room (HDB) for Rent in 505 Jurong West Street 52

The current valuation of the HDB 2-room unit located in Jurong West, with a remaining lease of 58 years, stands at an estimated value of $68,890, translating to a price per square foot (PSF) of $574. This valuation reflects a stable market condition, as indicated by a market price that shows a 0% difference from the baseline, suggesting that the property is accurately priced in alignment with recent market trends.

Our analysis is supported by a robust dataset comprising 162 recent HDB resale transactions within the vicinity, which reinforces a high model confidence in this valuation. The stability in pricing can be attributed to the enduring demand for HDB properties in Jurong West, a district known for its strategic location and development potential. As the area continues to evolve with ongoing infrastructural improvements and amenities, the remaining lease of 58 years presents a viable opportunity for potential buyers, ensuring that the property holds intrinsic value in the long term.