3 Room (3I) HDB for Rent in 108 Serangoon North Avenue 1

The valuation of the HDB 3 Room unit in Serangoon, with a remaining lease of 56 years, stands at an estimated value of $300,074, translating to a price per square foot (PSF) of $465. This valuation is particularly noteworthy considering the current market signal indicates a 0% difference from the baseline price, suggesting that the property is priced in line with the prevailing market conditions. Given the low model confidence, which reflects a limited basis for comparative transactions, this valuation should be approached with caution.

Analyzing the surrounding market dynamics, the estimated value is derived from four recent HDB resale transactions in the vicinity, indicating a stable demand for HDB properties in this region. The relatively low remaining lease of 56 years may influence buyer sentiment and valuation, particularly among owner-occupiers who might prioritize lease duration. It is essential for potential investors and homebuyers to consider not only the immediate value but also the long-term implications of leasehold properties in Singapore's evolving real estate landscape.