4-Room HDB for Room Rent: 489 Jurong West Avenue 1

The valuation of the HDB 4-room unit in Jurong West, with a remaining lease of 57 years, currently stands at an estimated value of $56,186, translating to a price per square foot (PSF) of $375. This valuation reflects a market price that is at par with the baseline, indicating a stable demand environment in the locality. However, the low model confidence associated with this valuation should be noted, as it is based on a limited dataset, with only one recent resale transaction in the vicinity serving as a reference point.

Jurong West has traditionally been a sought-after area due to its strategic location and accessibility to essential amenities. Nonetheless, with the remaining lease of 57 years, potential buyers may be cautious, as the declining lease period can significantly influence future resale value and marketability. The current market signals suggest that while the price remains steady, it is crucial for stakeholders to consider broader market dynamics and the potential impact of lease decay on the long-term investment viability of HDB properties in this region.