Common Room (HDB) for Rent in 429 Clementi Avenue 3

The valuation of the HDB 2-room unit in Clementi, with a remaining lease of 53 years, stands at an estimated value of $83,581, translating to $643 per square foot (PSF). This valuation represents a stable market price, reflecting a 0% difference from the baseline, indicating that the property is currently positioned at the equilibrium point of demand and supply within the local market. Such stability suggests that the unit is well-priced in relation to recent comparable transactions, which are instrumental in establishing the current market sentiment.

Analysis of the surrounding market dynamics reveals that this valuation is supported by 12 recent HDB resale transactions in the vicinity, providing a solid foundation for the estimated value. The medium confidence level attributed to this model suggests that while the analysis is robust, there may be external factors influencing market fluctuations that could affect future valuations. As the remaining lease diminishes, potential buyers will increasingly consider the lease tenure as a critical factor in their decision-making process, thereby impacting the overall desirability and valuation of HDB properties in this region.