Common Room (HDB) for Rent in 226 Serangoon Avenue 4

The HDB 2-room property located in Serangoon, with a remaining lease of 57 years, presents an estimated value of $60,607, equating to a price per square foot (PSF) of $505. This valuation is derived from two recent resale transactions within the vicinity, which provide a foundational insight into the local market dynamics. Notably, the valuation reflects a market price that shows a 0% difference from the established baseline, indicating a stable pricing environment without significant fluctuations in the immediate area.

However, the model confidence is assessed as low, suggesting that the current valuation may be influenced by limited transactional data. With only two comparable sales as a reference point, the analysis acknowledges potential volatility in the market conditions that could impact future valuations. The longevity of the remaining lease, while still substantial, may also play a crucial role in prospective buyer sentiment, particularly in a market where leasehold properties are subject to depreciation factors as they approach the end of their lease terms. Investors and potential homeowners should consider these elements in conjunction with broader market trends when evaluating this property investment.