Common Room (Landed) for Rent in Chuan Garden

The valuation of the HDB 2-room unit in Serangoon, with a remaining lease of 56 years, stands at an estimated value of $31,621, translating to a price per square foot (PSF) of $486. This valuation reflects the current market equilibrium, demonstrating a 0% difference from the baseline price, indicating a stable market sentiment in the area. The data is underpinned by two recent resale transactions, which provide a limited yet significant insight into the local market dynamics.

Despite the relatively low model confidence rating, the valuation suggests that the property is positioned within a competitive price range, particularly for buyers seeking affordable housing options in the Serangoon vicinity. The remaining lease of 56 years may influence buyer perceptions, as properties with limited lease tenures often experience varying demand based on the demographic and investment profiles of potential purchasers. As such, it is imperative for investors to consider the broader market trends and lease characteristics when evaluating the long-term appreciation potential of this asset.