Common Room (HDB) for Rent in 238 Jurong East Street 21

The HDB 2-room unit in Jurong East, with a remaining lease of 55 years, presents a compelling valuation of $45,834 or $573 PSF. This valuation reflects a stable market signal, indicating a 0% difference from the baseline, which suggests that the current price aligns well with the prevailing market trends in the area. Such stability is underpinned by recent sales data, as evidenced by the analysis of 22 recent HDB resale transactions in the vicinity, providing a robust framework for this valuation.

Given the remaining lease of 55 years, this property holds significant appeal for both first-time buyers and investors seeking to enter the Jurong East market. The high model confidence associated with this valuation indicates a reliable assessment of the property’s worth, taking into account not only the immediate neighborhood dynamics but also the broader trends affecting HDB resale prices across Singapore. As Jurong East continues to develop as a key commercial and residential hub, this property stands to benefit from the area's growth potential, reinforcing its value proposition in the long-term.