4 Room (4A) HDB for Sale in 691A Choa Chu Kang Crescent

The valuation of the HDB 4 Room unit in Choa Chu Kang, with a remaining lease of 74 years, stands at an estimated value of $576,828, translating to a price per square foot (PSF) of $596. This valuation reflects a market signal indicating a 4.7% difference from the baseline, suggesting a slightly optimistic outlook amidst the current property climate. The valuation is primarily supported by two recent resale transactions in the vicinity, which serve as critical benchmarks for the current market dynamics.

However, it is essential to note that the model confidence for this valuation is classified as low, which implies potential volatility and uncertainty in the local market conditions. The remaining lease period of 74 years is a crucial factor influencing buyer sentiment, as properties with shorter leases tend to attract increased scrutiny regarding investment viability. As the market continues to adjust, potential buyers and investors should exercise caution, taking into account both the lease duration and the prevailing market signals before making informed decisions.