4-Room HDB for Room Rent: 262 Waterloo Street

The valuation of the HDB 4 Room unit in the Central Area, with a remaining lease of 51 years, stands at an estimated value of $78,808, translating to a price per square foot of $788. This valuation reflects the current market price with a 0% difference from the baseline, indicating a stable demand in this segment of the HDB market. The Central Area, known for its prime location and accessibility, continues to attract buyers despite the diminishing lease term, showcasing the resilient nature of property values in this sought-after locale.

The model confidence for this valuation is rated as high, bolstered by data derived from 146 recent HDB resale transactions in the vicinity. Such a robust dataset affirms the reliability of the valuation, illustrating that buyers are willing to invest in properties with shorter leases, particularly in central locations where lifestyle amenities and employment opportunities abound. As the property market evolves, this HDB unit exemplifies the dynamic interplay between lease duration and market sentiment, reinforcing the notion that prime location often outweighs the implications of lease tenure in influencing buyer decisions.