Common Room (HDB) for Rent in 108 Serangoon North Avenue 1

In the current landscape of Singapore's residential property market, the valuation of a 2-room HDB unit in Serangoon, with a remaining lease of 56 years, presents a nuanced perspective on the dynamics of housing demand and supply in the area. The estimated value of $72,971, translating to a price per square foot (PSF) of $486, indicates a stable market positioning, with no deviation from the baseline price. This suggests that the property is effectively aligned with current market expectations, yet also reflects the challenges of a low lease term that may hinder future appreciation potential.

The model confidence for this valuation is categorized as low, underscoring the inherent uncertainties associated with market fluctuations and the limited data set derived from only two recent HDB resale transactions in the vicinity. It is essential for prospective buyers and investors to consider the implications of the remaining lease term on the asset's long-term viability. As leasehold properties approach their end, demand may diminish, impacting resale values even in vibrant districts like Serangoon.

• Remaining Lease: 56 years
• Estimated Value: $72,971 ($486 PSF)
• Market Signal: Market Price (0% difference from baseline)
• Model Confidence: Low