Terraced House for Room Rent: Common room in a terrace house, coliving unit @ 39 Quemoy Road!

The subject property, a 2-room HDB unit located in the vibrant Serangoon area, presents a current estimated value of $53,633, translating to a price per square foot (PSF) of $670. With a remaining lease of 75 years, this property is positioned within a relatively stable segment of the market, reflecting a market price that shows no deviation from the baseline. This stability indicates that current market conditions are balanced, with supply and demand aligning closely in this locality.

However, it is essential to note the low confidence level associated with this valuation, which stems from the limited dataset of only two recent HDB resale transactions in the vicinity. Such a narrow scope may not adequately capture the broader market dynamics or emerging trends that could influence property values in the near future. Investors and potential homeowners should remain vigilant, considering both macroeconomic factors and localized developments that may impact the long-term viability of this investment.