Common Room (HDB) for Rent in 978 Jurong West Street 93

The valuation of this HDB 2-room unit in Jurong West, with a remaining lease of 62 years, stands at an estimated value of $82,124, translating to a price per square foot (PSF) of $632. This assessment is grounded in a robust analytical model that draws upon data from 162 recent resale transactions within the vicinity, ensuring an accurate reflection of the current market conditions. The model confidence is rated as high, reinforcing the reliability of this valuation.

Notably, the market price shows a 0% difference from the baseline, indicating a stable pricing environment in this sector of the HDB market. This equilibrium suggests that demand and supply dynamics are currently well-balanced, making it an opportune moment for prospective buyers or investors to consider entry into the Jurong West area. The remaining lease of 62 years offers a substantial timeframe for habitation or investment, and given the area's ongoing development initiatives, this property could potentially appreciate in value as urban infrastructure improves.