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, stands at an estimated value of $66,199, translating to a price per square foot (PSF) of $441. This valuation is underpinned by robust analytical rigor, leveraging data from 498 recent HDB resale transactions in the vicinity, providing a comprehensive overview of the local market dynamics. The model confidence is rated as high, indicating a strong reliability of the valuation amidst fluctuating market conditions.

Notably, the market signal reflects a 0% difference from the baseline, suggesting that the property is currently priced in line with prevailing market trends. This stability in pricing is indicative of the resilience of the Jurong West area, which continues to attract demand despite broader economic fluctuations. The remaining lease of 57 years is a significant factor in the valuation, as it affects buyer sentiment and financing options. Overall, this property presents a compelling opportunity for potential buyers looking to invest in a stable and well-established residential locality.