Common Room (HDB) for Rent in 653A Jurong West Street 61

The valuation of the 4-room HDB property located in Jurong West, with a remaining lease of 73 years, stands at an estimated value of $66,790, translating to a price per square foot (PSF) of $581. This valuation reflects a market price that is perfectly aligned with the baseline, indicating a 0% difference. Such stability in pricing signals a balanced demand and supply scenario in the Jurong West area, making it a noteworthy observation for both potential buyers and investors.

Our analysis draws from a robust dataset comprising 497 recent HDB resale transactions in the vicinity, which reinforces the high confidence level in this valuation. The strong model confidence further suggests that the current market dynamics are supportive of this valuation, with the remaining lease being a critical factor. As the lease period diminishes, it is crucial for potential buyers to appreciate the implications of the remaining lease term on future resale values. In summary, this HDB property not only represents a stable investment opportunity but also exemplifies the broader market trends in Jurong West, characterized by resilience and a balanced property landscape.