Common Room (HDB) for Rent in 101 Jurong East Street 13

The valuation of the 2-room HDB unit located in Jurong East, with a remaining lease of 55 years, stands at an estimated value of $57,258, translating to a price per square foot (PSF) of $573. This valuation is noteworthy as it aligns precisely with the current market price, indicating a 0% difference from the baseline. Such stability in pricing suggests a well-balanced supply and demand dynamic in the area, reflecting the resilience of the HDB market even amidst broader economic fluctuations.

Our analysis is bolstered by a robust model confidence rating of high, derived from a comprehensive review of 22 recent HDB resale transactions within the vicinity. This data set provides a compelling foundation for the valuation, illustrating a consistent trend in resale prices that supports the estimated value. As Jurong East continues to evolve as a strategic growth area, characterized by ongoing infrastructural developments and enhanced connectivity, the potential for future appreciation of HDB properties in this locale remains strong, especially given the relatively long remaining lease of this unit.