4-Room HDB for Room Rent: 217A Boon Lay View

The valuation of the HDB 4 Room unit in Jurong East, with a remaining lease of 90 years, has been estimated at $66,578, translating to a price per square foot (PSF) of $666. This valuation reflects a stable market condition, exhibiting a 0% difference from the baseline pricing, indicative of a balanced demand and supply scenario in the vicinity. The analysis is founded on 12 recent HDB resale transactions, which provide a robust dataset for understanding local market dynamics.

With a medium model confidence level, it is essential to note that the remaining lease of 90 years positions this property favorably within the market, as properties with longer leases are generally perceived to hold greater value. The Jurong East area continues to attract interest due to its strategic location and ongoing developments, further enhancing its appeal to potential buyers. The current market signals suggest that while there is stability, investors and homeowners should remain vigilant to fluctuations that may arise from broader economic conditions and policy changes impacting the HDB market.