4-Room HDB for Room Rent: 188D Rivervale Drive

The current valuation of the HDB 4-room unit located in the vibrant district of Serangoon stands at an estimated value of $128,682, which translates to a price per square foot (PSF) of $643. With a remaining lease of 71 years, this property is well-positioned within a competitive market where demand for HDB units remains robust. The valuation reflects a market price that is in line with the baseline, indicating a 0% difference from the expected pricing, suggesting stability in the local real estate landscape.

Analysis based on 38 recent HDB resale transactions in the vicinity reveals a high model confidence in this valuation, which underscores the reliability of the data and trends observed. The current market dynamics in Serangoon, characterized by its strategic location and amenities, continue to attract buyers, particularly those looking for family-oriented living spaces. The 71-year lease not only provides ample time for ownership but also aligns with the preferences of both owner-occupiers and investors, ensuring that this HDB unit remains a desirable asset within Singapore's evolving property market.