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, is estimated at $300,074, translating to a price per square foot of $465. This valuation suggests stability within the current market, as it reflects a market price with a negligible variance of 0% from the baseline. Such consistency often indicates a balanced supply-demand dynamic in the vicinity, which can be an attractive factor for potential buyers seeking a reliable investment.

However, it is crucial to note the low model confidence associated with this valuation, primarily derived from only four recent HDB resale transactions in the area. This limited data set may not fully capture the intricacies of market fluctuations and buyer sentiment within the neighborhood. As HDB properties typically rely heavily on their remaining lease tenure and nearby comparable sales, the age of the lease—56 years—could influence long-term investment perspectives, particularly in a market that is sensitive to lease durations. Hence, while the price point appears competitive, potential investors should approach with a comprehensive analysis of both the local market dynamics and the implications of the remaining lease on future value appreciation.