Terraced House for Room Rent: 26b, Lorong Ong Lai

The valuation of the HDB 4-room property located in Serangoon reveals an estimated value of $78,529, translating to a price per square foot of $604 PSF. With a remaining lease of 64 years, this property offers a compelling opportunity for potential buyers, particularly in a market where lease tenure is a critical factor influencing demand and pricing. The valuation reflects a market price that is consistent with the baseline, indicating stability in the local real estate landscape.

Model confidence in this valuation is rated as high, supported by a substantial dataset of 379 recent HDB resale transactions in the vicinity. This robust sample size enhances the reliability of the estimated value, suggesting that the current pricing is reflective of prevailing market dynamics in Serangoon. As the market continues to evolve, this property stands poised to attract interest not only for its strategic location but also for its favorable lease duration, which aligns well with the expectations of both owner-occupiers and investors looking for sustainable growth in the HDB sector.