3-Room HDB for Room Rent: 379 Clementi Avenue 5

The valuation of the HDB 3 Room unit in Clementi, with a remaining lease of 53 years, presents a compelling case for potential homebuyers and investors alike. With an estimated value of $110,505, translating to $442 per square foot, this property reflects the current market equilibrium, showing a 0% difference from the established baseline price. This stability indicates a well-balanced demand and supply within the HDB resale market in this sought-after district.

Analyzing the local market dynamics, the model confidence is classified as high, based on an extensive dataset of 451 recent HDB resale transactions in proximity to this unit. Such a robust sample size enhances the reliability of the valuation, underscoring the resilience of the Clementi area in maintaining property values. The remaining lease of 53 years is a crucial factor for potential buyers, as it signifies a mid-range leasehold property, appealing to those who prioritize accessibility and neighborhood amenities while navigating the nuances of lease duration in property investment.