Common Room (HDB) for Rent in 101 Serangoon North Avenue 1

The valuation of the HDB 2-room unit in Serangoon, with a remaining lease of 57 years, stands at an estimated value of $29,709, translating to a price per square foot (PSF) of $495. This valuation reflects a market signal indicating a 0% difference from the baseline, suggesting that the property is currently positioned at a stable price point relative to similar listings in the area. Notably, this analysis is supported by two recent HDB resale transactions in the vicinity, providing a foundational basis for the current valuation.

However, the model confidence for this valuation is categorized as low, indicating potential volatility in the market dynamics affecting this property type. The relatively short remaining lease of 57 years may be a contributing factor to the cautious market response, as properties with shorter leases often experience a diminution in buyer interest and value appreciation. It is essential for investors and potential buyers to consider the implications of lease duration on resale potential and overall investment strategy in the current real estate landscape.