5 Room (5I) HDB for Sale in 223 Choa Chu Kang Central

The valuation of the HDB 5-room property in Choa Chu Kang at an estimated value of $604,704, translating to $461 per square foot, presents a compelling case within the current real estate landscape. With a remaining lease of 64 years, this property is strategically positioned in a market where leasehold dynamics play a crucial role in value perception. The valuation reflects an above-market signal, showcasing a 13.8% difference from the baseline, which indicates a potential premium being placed on this unit relative to comparable properties in the region.

However, it is essential to note that the model confidence associated with this valuation is classified as low, primarily due to the limited dataset, with only one recent HDB resale transaction in the vicinity serving as a reference point. This scarcity of comparable data may introduce volatility in price trends and underscores the importance of considering broader market conditions and local demand factors. As such, potential investors and homeowners should exercise caution and conduct thorough due diligence when evaluating this property, given the nuances of the HDB market and the implications of leasehold tenures on long-term value.