3 Room (3I) HDB for Rent in 302 Serangoon Avenue 2

The valuation of the HDB 3-room unit in Serangoon, with a remaining lease of 57 years, is estimated at $375,080, translating to a price per square foot (PSF) of $582. This valuation reflects the current market conditions, as evidenced by the fact that it aligns perfectly with the market baseline, indicating a 0% difference. Such a stable valuation suggests that the property is well-positioned within the local market, offering potential buyers a competitively priced option in a sought-after residential area.

However, the model confidence for this valuation is categorized as low, which implies that while the recent sales data from five comparable HDB resale transactions supports this price point, there may be underlying market dynamics that could influence future pricing. Factors such as the remaining lease period, the overall demand for HDB units in Serangoon, and broader economic conditions should be considered by prospective buyers and investors. As the remaining lease approaches the halfway mark, it is essential to analyze how this might impact future resale value and buyer interest, particularly in a market that is increasingly sensitive to lease length.