2 Room (2A) HDB for Rent in 421B Northshore Drive

The valuation of the 2-room HDB unit in Serangoon, with a remaining lease of 93 years, stands at an estimated value of $323,077, translating to $638 per square foot. This valuation reflects a market price that remains stable, exhibiting a 0% difference from the baseline. Such stability in pricing is indicative of a balanced market where supply and demand conditions are currently aligned, thereby presenting a compelling case for potential buyers and investors alike.

However, it is crucial to note that the model confidence for this valuation is categorized as low, primarily due to the limited data set available, based on only two recent HDB resale transactions in the vicinity. This scarcity of comparable transactions may introduce variability in accuracy, suggesting a need for further observation of market trends. As the Serangoon area continues to evolve, factors such as urban development, infrastructure improvements, and demographic shifts could significantly influence future valuations. Investors should remain vigilant to these dynamics as they consider the long-term viability of this property.