4-Room HDB for Room Rent: 232A Serangoon Avenue 2

The valuation of the HDB 4 room unit in Serangoon, with a remaining lease of 70 years, reflects a calculated estimate of $77,644, translating to a price per square foot of $647. This valuation is anchored firmly in the current market dynamics, as indicated by a market price that shows a 0% difference from the baseline. Such stability suggests that the property is well-positioned within the local real estate landscape, appealing to both first-time homebuyers and investors alike.

With a robust model confidence rating of high, this valuation is supported by an analysis of 38 recent HDB resale transactions in the vicinity, which provide a solid foundation for understanding current pricing trends. The 70-year remaining lease is particularly significant, as it offers prospective buyers a substantial duration of ownership, an essential consideration in the Singaporean market where leasehold properties are prevalent. This valuation not only underscores the resilience of the Serangoon area but also highlights the potential for sustained demand as urban development continues to evolve in the region.