Corner Terrace for Room Rent: Parry Green

The current valuation of the HDB 2-room unit located in Serangoon, with a remaining lease of 72 years, stands at an estimated value of $112,583, translating to a price per square foot (PSF) of $625. This valuation aligns with the prevailing market price, indicating a 0% difference from the established baseline. Such a stable pricing scenario suggests a balanced demand and supply dynamic within the local HDB market, reflecting a period of equilibrium as potential buyers and sellers navigate current economic conditions.

However, the model confidence for this valuation is categorized as low, primarily due to the limited data pool derived from only two recent resale transactions in the vicinity. This constraint may result in a less robust analysis, making it imperative for prospective buyers to conduct further due diligence. As the property's lease spans 72 years, it is crucial for investors to consider the implications of leasehold duration on future resale value and marketability within the context of Serangoon's evolving real estate landscape. The longevity of the lease, coupled with the area's appeal, could influence future demand and pricing trajectories significantly.