Corner Terrace for Room Rent: Gambir Terrace

The valuation of the 4-room HDB unit in Serangoon, with a remaining lease of 63 years, stands at an estimated value of $89,194, translating to a price per square foot (PSF) of $595. This valuation comes at a pivotal time in the property market, reflecting a stable market price with a 0% deviation from the baseline. The model confidence rated as high, backed by a robust analysis of 379 recent HDB resale transactions in the vicinity, underscores the reliability of this valuation amidst the current real estate landscape.

In the context of Singapore's evolving HDB market, the remaining lease of 63 years plays a critical role in buyer sentiment and demand dynamics. Properties with longer leases tend to attract a wider pool of prospective buyers, particularly first-time homeowners and young families seeking stability. Furthermore, the consistent price point indicates a balanced demand-supply scenario in Serangoon, a region known for its accessibility and family-friendly amenities. This valuation not only reflects the intrinsic value of the property but also signals a potential for future appreciation, provided the market conditions remain favorable.