5 Room (5I) HDB for Sale in 196B Boon Lay Drive

The recent valuation of the HDB 5 Room unit in Jurong East, with a remaining lease of 88 years, stands at an estimated value of $686,133, translating to $564 per square foot. This valuation is notably positioned above the prevailing market baseline, reflecting a significant 21% premium. Such a marked difference suggests a robust demand for properties in this region, driven by Jurong East's strategic location and ongoing urban development initiatives. The high model confidence, derived from a thorough analysis of 223 recent HDB resale transactions in the vicinity, reinforces the reliability of this appraisal.

The elevated valuation can be attributed to several market dynamics. Firstly, Jurong East has emerged as a key growth hub, bolstered by infrastructural enhancements and proximity to essential amenities, which further elevates the desirability of HDB units in this locale. Additionally, the extended lease of 88 years provides prospective buyers with a long-term tenure, mitigating concerns related to lease decay and enhancing the investment appeal of this property. As the market continues to evolve, this HDB unit not only reflects current trends but also positions itself as a compelling opportunity for discerning buyers seeking to capitalize on Singapore's dynamic real estate landscape.