5 Room (5I) HDB for Rent in 117A Rivervale Drive

The valuation of the HDB 5 Room unit in Serangoon, with a remaining lease of 71 years, stands at an estimated value of $838,166, translating to a price per square foot (PSF) of $677. This valuation reflects a significant alignment with current market conditions, demonstrating a 0% variance from the baseline price. The model's high confidence level, supported by an analysis of 38 recent HDB resale transactions within the vicinity, indicates a robust, stable market environment for buyers and sellers alike.

In the context of Singapore's dynamic real estate landscape, the remaining lease of 71 years positions this property favorably, appealing to a broad spectrum of potential homeowners. The Serangoon area, known for its vibrant community and accessibility, continues to draw interest, which is reflected in the steady pricing trends. As demand for HDB properties remains resilient, this valuation not only underscores the competitive nature of the market but also highlights the importance of lease tenure in influencing property desirability and investment potential.