4 Room (4NG) HDB for Sale in 120 Serangoon North Avenue 1

The valuation of the HDB 4 Room unit located in Serangoon, with a remaining lease of 57 years, has been estimated at $449,041, translating to a price per square foot (PSF) of $459. This valuation positions the property above the market baseline by 19.1%, indicating a robust demand within the local property landscape despite the declining lease tenure. Such a premium suggests that the unit holds unique characteristics or is situated in a desirable location, appealing to buyers willing to invest at a higher price point.

However, it is crucial to note that the model confidence for this valuation is classified as low, based on analysis of only three recent HDB resale transactions in the vicinity. The limited data points may potentially skew the valuation, reflecting volatility in buyer sentiment and market conditions. As the remaining lease diminishes, prospective buyers should consider the implications of lease decay on long-term value retention and resale potential in a market that is increasingly discerning about lease tenures.