Common Room (HDB) for Rent in 220 Sumang Lane

The valuation of the HDB 2-room unit in Serangoon, with a remaining lease of 91 years, stands at an estimated value of $52,101, translating to a price per square foot (PSF) of $651. This valuation reflects a market price that is in alignment with the baseline, indicating a stable yet cautious market sentiment. The absence of variance from the baseline suggests that the property is currently positioned within a conservative price range, warranting attention from potential investors seeking stability amidst market fluctuations.

However, it is crucial to note the model confidence in this valuation is categorized as low, primarily based on the limited dataset from just two recent HDB resale transactions in the vicinity. Such a constrained data pool may not adequately capture the broader market dynamics that could influence property values in Serangoon. As the remaining lease of 91 years provides a substantial buffer against depreciation, this property may appeal to both first-time buyers and long-term investors. Nevertheless, stakeholders should remain vigilant regarding market trends and consider conducting further research to validate the sustainability of this valuation in an evolving real estate landscape.