3 Room (3NG) HDB for Rent in 509 West Coast Drive

The valuation of the HDB 3-room unit in Clementi, with a remaining lease of 50 years, stands at an estimated value of $255,511, translating to $354 PSF. This assessment reflects a market price that is consistent with the baseline, indicating a 0% difference, which suggests stability in the current market dynamics for similar properties in the area. The valuation is based on an analysis of four recent HDB resale transactions within the vicinity, providing a localized context to the current valuation.

However, it is important to note that the model confidence for this valuation is categorized as low. This suggests that while the data points used for the valuation are relevant, there may be underlying market fluctuations or external factors that could impact the demand and pricing of HDB units in Clementi. With a remaining lease of 50 years, potential buyers may exhibit varied perspectives on the long-term value retention of the property, as leasehold properties tend to experience differing levels of appeal depending on their remaining tenure. As such, careful consideration of the surrounding market trends and the specific attributes of this unit is advisable for potential investors and homeowners alike.