5 Room (5I) HDB for Sale in 538 Serangoon North Avenue 4

The valuation of the HDB 5 Room unit in Serangoon, estimated at $646,998 with a price per square foot of $493, indicates a significant deviation from the baseline market rate, positioning it 23.6% above market. This elevated valuation suggests a strong demand for properties in this neighborhood, which may be influenced by its desirable location, accessibility to amenities, and the overall growth trajectory of the Serangoon area. However, with a remaining lease of 63 years, potential buyers should consider how lease duration impacts future resale value and the buyer pool’s willingness to invest at this premium.

Despite the above-market valuation, the reported low model confidence highlights the necessity for caution, as this assessment is based on a limited data set of only two recent HDB resale transactions in the vicinity. Such a narrow sample may not accurately represent broader market conditions, and fluctuations in buyer sentiment or economic factors could significantly influence property values in the near term. Therefore, while this HDB unit may appeal to investors or families seeking to capitalize on Serangoon's popularity, a thorough evaluation of market dynamics and lease considerations is essential for making informed decisions.