Common Room (HDB) for Rent in 202 Serangoon Central

The valuation of the HDB 4-room unit in Serangoon, with a remaining lease of 58 years, stands at an estimated value of $67,624, translating to a price per square foot (PSF) of $564. This valuation reflects a market price that aligns seamlessly with the baseline, indicating a stable market dynamic in the area. The confidence in this valuation is bolstered by a robust analytical model, which draws upon a comprehensive dataset of 379 recent HDB resale transactions within the vicinity, ensuring that the valuation is not only accurate but also reflective of current market sentiments.

In the context of Singapore's real estate landscape, the remaining lease of 58 years is a significant factor in determining the property's attractiveness and long-term value retention. Properties with shorter leases often face greater depreciation risks, yet this valuation suggests that demand for HDB units in Serangoon remains resilient, possibly due to the area's strategic location and amenities. As the market evolves, potential buyers will need to weigh the implications of the lease duration against the stability reflected in the current pricing, making this property a noteworthy consideration for both investors and homebuyers alike.