Common Room (HDB) for Rent in 864 Jurong West Street 81

The current valuation of the HDB 2 Room unit in Jurong West, estimated at $52,723 or $659 PSF, reflects a stable market sentiment, with a notable 0% difference from the baseline. This stability is indicative of the property’s intrinsic value, which is supported by a robust dataset comprising 80 recent HDB resale transactions in the vicinity. The model confidence rating is classified as high, providing assurance in the accuracy of this valuation amidst the dynamic landscape of Singapore's real estate market.

With a remaining lease of 68 years, this property is positioned favorably within the context of HDB leasing dynamics. As properties age, the remaining lease period plays a crucial role in influencing buyer sentiment and market pricing. However, the current valuation suggests a market equilibrium, where demand aligns closely with supply, mitigating potential declines in value associated with shorter lease terms. As Jurong West continues to develop into a vibrant residential hub, factors such as infrastructure improvements and community amenities will likely enhance the desirability of such units, further underpinning their value in the medium to long term.