2 Room (2STD) HDB for Sale in 405A Northshore Drive

In the dynamic landscape of Singapore's real estate market, the valuation of the HDB 2 Room unit in Serangoon presents a compelling case for analysis, particularly given its remaining lease of 93 years. With an estimated value of $325,321 or $643 PSF, this property is currently positioned above the market baseline, reflecting a notable 23% premium. Such a significant deviation from the baseline indicates a strong perceived value among potential buyers, likely driven by the desirable location and the remaining lease duration that offers long-term tenure security.

However, it is crucial to note that the model confidence for this valuation is classified as low, primarily due to the limited data set, as it is based on only one recent HDB resale transaction in the vicinity. This scarcity of comparable sales can introduce volatility into the valuation process, suggesting that while the current market signal indicates a robust demand for the unit, further analysis and additional transactions will be required to solidify this valuation. As such, prospective buyers should consider both the inherent value of the leasehold property and the broader market dynamics at play before making investment decisions.