Terraced House for Room Rent: Private Ensuite Room near NEX Shopping Mall & MRT

The valuation of the 2-room HDB property in Serangoon reflects a nuanced interplay between the current market dynamics and the intrinsic value associated with its remaining lease of 75 years. With an estimated value of $201,125, translating to a price per square foot (PSF) of $670, this property sits at a pivotal point within the local HDB landscape. Notably, the market price shows a 0% difference from our baseline, indicating that this valuation is in line with the prevailing market sentiment and conditions.

However, it is crucial to consider the model's confidence level, which is categorized as low, primarily due to the limited dataset derived from just two recent resale transactions in the vicinity. This suggests a degree of volatility and uncertainty that potential buyers should be mindful of. The 75-year lease remaining on this property also plays a significant role in its valuation, as properties with shorter leases tend to experience more pronounced fluctuations in market value. Ultimately, while the current pricing aligns with market expectations, the evolving landscape of HDB leasing and resale activity warrants careful observation for stakeholders in the Serangoon area.