Common Room (HDB) for Rent in 188D Rivervale Drive

The valuation of the 4-room HDB unit in Serangoon, with a remaining lease of 73 years, stands at an estimated value of $67,550, translating to a price per square foot (PSF) of $676. This valuation is particularly significant as it reflects a market price that is precisely aligned with the baseline, indicating a stable and resilient pricing framework in the HDB resale market of the area. Such equilibrium suggests that current demand is effectively meeting supply, with no substantial fluctuations observed in the pricing trends.

Furthermore, our analysis is reinforced by a robust model confidence rating of high, based on a comprehensive review of 379 recent HDB resale transactions within the vicinity. This extensive dataset provides a strong foundation for understanding local market dynamics and underscores the importance of lease length in influencing property value. With 73 years remaining on the lease, this property maintains a competitive edge, ensuring that potential buyers are not deterred by concerns related to lease expiry. The stability observed in this valuation underscores the enduring appeal of HDB living in Serangoon, a testament to the area's ongoing desirability among homebuyers.