Terraced House for Room Rent: Westwood Park

The valuation of the HDB 2 Room unit in Jurong East, with a remaining lease of 71 years, stands at an estimated value of $108,677, translating to a price per square foot (PSF) of $725. This valuation reflects the current market dynamics, showing a stable price point with a 0% difference from the baseline. Such stability indicates a well-balanced demand and supply scenario in the HDB resale market, particularly in this strategic location.

The model confidence in this valuation is categorized as high, based on an analysis of 23 recent HDB resale transactions in the vicinity. This strong confidence level reinforces the reliability of the estimated value, suggesting that potential buyers can proceed with their investment with a greater sense of security. The remaining lease of 71 years further adds to the property’s attractiveness, as it still provides a substantial duration for occupancy and investment potential. As Jurong East continues to develop into a vibrant hub with ongoing infrastructural improvements, the demand for HDB properties in this area is likely to remain robust.