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

This analytical summary focuses on the valuation of a 2-room HDB unit situated in the vibrant Jurong West area, which is currently assessed at an estimated value of $61,689, translating to a price per square foot (PSF) of $561. With a remaining lease of 57 years, this property represents a strategic investment opportunity within a highly sought-after residential enclave. The valuation reflects a market price that is aligned with baseline values, indicating stability in demand within the local HDB market.

Our analysis is grounded in a robust dataset comprising 82 recent resale transactions in the vicinity, providing a comprehensive overview of market dynamics. The high model confidence associated with this valuation suggests that the data trends are well-supported by comparable sales and ongoing market conditions. Potential buyers should consider the implications of the remaining lease period, as it plays a crucial role in the long-term value retention of HDB properties. Given the negligible difference from baseline pricing, this property exemplifies a well-positioned asset in Jurong West, which is poised to benefit from ongoing development initiatives and urban planning in the region.