4 Room (4NG) HDB for Sale in 24 Teban Gardens Road

The valuation of the 4-room HDB property located in Jurong East, with a remaining lease of 53 years, presents a compelling yet nuanced picture of the current market dynamics. Priced at an estimated value of $385,284, which translates to a price per square foot (PSF) of $361, this valuation is positioned significantly above the market baseline, reflecting a 35% premium. Such a considerable deviation suggests that this property may be influenced by specific local factors, including its proximity to amenities and potential future developments in the Jurong area, which is undergoing transformation into a regional hub.

However, it is crucial to note that the model confidence for this valuation is categorized as low, indicating a degree of uncertainty in the predictive accuracy of the market signals. This low confidence level may stem from the limited data set of only four recent HDB resale transactions in the vicinity. As the remaining lease of 53 years is factored into the valuation, potential buyers and investors should carefully weigh the implications of lease decay and future resale opportunities against the current market trends and projected growth in Jurong East.