4 Room (4NG) HDB for Rent in 228 Serangoon Avenue 4

The valuation of the 4-room HDB unit in Serangoon, with a remaining lease of 57 years, stands at an estimated value of $547,464, translating to a price per square foot (PSF) of $559. This valuation reflects a market signal indicating a 0% difference from the baseline, suggesting that the property is currently priced in line with recent comparable sales in the area. The assessment is notably supported by three recent HDB resale transactions within proximity, contributing to the comparative analysis of the local market dynamics.

However, it is important to note that the model confidence associated with this valuation is classified as low. This indicates potential volatility in the market, possibly influenced by factors such as the remaining lease term, which is a critical component in the HDB market valuation landscape. As lease tenure diminishes, it typically affects buyer sentiment and pricing strategies, leading to a more cautious approach among prospective buyers. This valuation thus serves as a crucial indicator for both current and future market conditions, underscoring the need for careful consideration of lease duration and market trends when assessing HDB properties in Singapore.