Terraced House for Room Rent: Westville

The valuation of the HDB 2 Room apartment situated in Jurong East, with a remaining lease of 70 years, has been assessed at an estimated value of $85,717, translating to a price per square foot (PSF) of $714. This valuation is indicative of a stable market condition, as it reflects a market price that shows no deviation from the baseline, suggesting a well-balanced supply and demand scenario in the locality. The confidence level of this model is classified as high, reinforcing the reliability of the valuation based on robust data analytics.

Analysis of 23 recent HDB resale transactions in the vicinity provides a solid foundation for this valuation, emphasizing the significance of local market dynamics. The Jurong East area has demonstrated resilience, with HDB properties maintaining their value despite fluctuations in broader market conditions. This stability can be attributed to the area's strategic location, growing amenities, and ongoing infrastructural developments, which collectively enhance the attractiveness of HDB living in this region.