Terraced House for Room Rent: Highland Road, Hillside Drive, and Jansen Road

The recent valuation of a 2-room HDB unit in Serangoon, with a remaining lease of 75 years, stands at an estimated value of $260,505, translating to a price per square foot of $651 PSF. This valuation is particularly noteworthy given that it reflects a market price with a 0% difference from the baseline, indicating a stable market condition in the area. The absence of significant price fluctuations suggests that the property remains in line with current market trends, providing a reassuring signal for potential buyers and investors alike.

However, it is essential to note that the model confidence for this valuation is categorized as low, stemming from only two recent HDB resale transactions in the vicinity. This limited dataset may not fully capture the nuances of the local real estate dynamics, which can be influenced by various factors such as demand fluctuations, demographic shifts, and economic conditions. As such, stakeholders should approach this valuation with an understanding of the broader market context, particularly regarding the implications of the property’s remaining lease and its potential impact on future resale opportunities.