Studio HDB for Rent in 714 Clementi West Street 2

The valuation of the HDB 2 Room unit in Clementi, with a remaining lease of 54 years, reflects a calculated estimated value of $228,579, translating to $653 per square foot (PSF). This valuation is pivotal in understanding the current dynamics of the HDB market in this sought-after location. The property’s value remains aligned with the market price, indicating a stable market condition with a 0% difference from the baseline. Such stability suggests a balanced demand and supply scenario, reinforcing Clementi’s reputation as a desirable residential area.

In evaluating this property, it is important to note that the model confidence is categorized as medium, based on findings from 9 recent HDB resale transactions in the vicinity. These transactions serve as a critical benchmark for assessing market trends and price fluctuations. The remaining lease of 54 years may influence buyer sentiment, particularly among those cautious about long-term investment and leasehold properties. Nevertheless, the consistent market activity suggests that buyers remain attracted to the area, underpinned by its strategic location and robust amenities.