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

The valuation of the 3-room HDB unit located in Clementi, with a remaining lease of 53 years, stands at an estimated value of $116,819, translating to a price per square foot (PSF) of $467. This valuation indicates a market price that is in line with the baseline, reflecting a stable demand in the area. It is noteworthy that the assessed value has a 0% difference from the baseline, suggesting that the property is currently priced at market equilibrium. This stability could be indicative of a balanced supply and demand dynamic within the vicinity of Clementi, a neighborhood known for its strategic location and community amenities.

However, it is crucial to consider the model confidence level, which is categorized as low, based on a limited dataset of only five recent HDB resale transactions in the area. This low confidence may stem from fluctuations in the resale market or a lack of comparable properties. Investors and potential buyers should remain cautious and conduct thorough due diligence, particularly given the significant remaining lease period of 53 years. Understanding the implications of leasehold properties in Singapore’s real estate landscape is essential, as it can significantly impact future resale potential and valuation trends.