Common Room (HDB) for Rent in 415 Commonwealth Avenue West

The valuation of the HDB 2 Room unit located in Clementi reflects an estimated value of $88,599, translating to a price per square foot (PSF) of $591. This valuation is based on a medium confidence model, utilizing insights gathered from 11 recent HDB resale transactions in the immediate vicinity. Notably, the unit possesses a remaining lease of 50 years, which is a critical factor influencing the valuation and market dynamics in this rapidly evolving residential sector.

Current market signals indicate a 0% difference from the baseline price, suggesting that the property is accurately priced in relation to recent sales trends. The stability of the market reflects a balance between supply and demand, with potential buyers keenly observing the diminishing lease terms of HDB properties in Singapore. As the remaining lease decreases, it becomes increasingly important for prospective purchasers to weigh the implications of lease length against location desirability and future resale potential. In this context, the Clementi area remains a sought-after locale, bolstered by its accessibility and robust community amenities, thus maintaining its attractiveness despite the shorter lease period.