Studio HDB for Rent in 538 Jurong West Avenue 1

The valuation of the HDB 2-room unit located in Jurong West, with a remaining lease of 57 years, stands at an estimated value of $197,464, translating to a price per square foot (PSF) of $564. This valuation is indicative of a stable market condition, as it reflects a 0% difference from the baseline price, suggesting that the property is priced in line with the current market trends. The model confidence rating is classified as high, bolstered by a robust dataset derived from 81 recent HDB resale transactions in the vicinity, providing a reliable benchmark for prospective buyers and investors.

Jurong West has been an area of significant interest in Singapore's housing market, characterized by its strategic location and well-developed infrastructure. The remaining lease of 57 years on this HDB unit positions it within a favorable range for potential buyers, as properties with longer lease terms tend to attract a broad spectrum of interest. As the region continues to evolve with ongoing developments and enhancements in amenities, this valuation not only reflects current market sentiment but also suggests potential for appreciation in the long term, making it a compelling opportunity within the HDB landscape.