Common Room (HDB) for Rent in 218 Jurong East Street 21

The valuation of the HDB 4-room unit in Jurong East, with a remaining lease of 57 years, stands at an estimated value of $79,003, translating to a price per square foot (PSF) of $439. This valuation reflects a careful analysis of the current market dynamics, with the property showing a market price that is in alignment with the baseline, indicating a 0% difference. Such stability in pricing is often indicative of a balanced supply and demand scenario within the HDB resale market, particularly in a well-established area like Jurong East.

Our analysis is supported by a robust dataset derived from 319 recent HDB resale transactions in the vicinity, which enhances the reliability of this valuation. The high model confidence suggests that the estimated value is representative of the prevailing market conditions and reflects the intrinsic value of the property based on its location and remaining lease. As the Jurong East area continues to develop and evolve, potential buyers and investors should consider the implications of the remaining lease term and its impact on future resale value, as it plays a crucial role in determining long-term investment viability.