Common Room (HDB) for Rent in 427 Jurong West Avenue 1

The valuation of the 2-room HDB unit located in Jurong West, with a remaining lease of 57 years, stands at an estimated value of $61,689, translating to a price per square foot (PSF) of $561. This valuation reflects a market price that shows a 0% difference from the baseline, indicating that the property is currently assessed at a fair market rate without significant upward or downward pressure. The model confidence in this valuation is rated as high, substantiated by a comprehensive analysis of 82 recent HDB resale transactions in the vicinity.

In the context of the Jurong West area, where demand for HDB properties remains robust, the valuation aligns with current market dynamics. The stability in pricing suggests a balanced supply and demand scenario, driven by the area's strategic location and accessibility to essential amenities. The remaining lease period of 57 years, while somewhat shorter than average, is still within a range that is generally acceptable to prospective buyers, especially for first-time homeowners or investors looking for entry-level options in the property market. Overall, this valuation reinforces the attractive investment potential of HDB properties in Jurong West, particularly as the region continues to evolve with ongoing developments and infrastructure enhancements.