2 Room HDB for Rent in 684 Race Course Road

The valuation of the HDB 2 Room unit located in the Central Area, with a remaining lease of 58 years, stands at an estimated value of $382,948, which translates to a price per square foot (PSF) of $565. This valuation indicates a market price that aligns closely with the established baseline, showing a 0% difference. Such stability in pricing suggests a balanced demand and supply dynamic within the vicinity, reflective of the broader market trends observed in Singapore's real estate landscape.

However, the model confidence for this valuation is categorized as low, indicating potential volatility or uncertainty in the market conditions. The analysis is supported by data from 7 recent HDB resale transactions in the area, which provides a foundational context for this valuation. The remaining lease period of 58 years is a critical factor, as it influences buyer sentiment and investment viability. Properties with shorter remaining leases often face depreciated values, whereas those with longer leases tend to attract premium pricing. Thus, buyers and investors should carefully consider the implications of lease duration alongside current market conditions when evaluating this property.