Common Room (HDB) for Rent in 485 Choa Chu Kang Avenue 5

The recent valuation of the HDB 2-room unit in Choa Chu Kang reflects a calculated estimate of $71,010, translating to a price per square foot (PSF) of $710. This valuation is substantiated by a robust analysis of 22 recent HDB resale transactions in the vicinity, showcasing a high model confidence level. With a remaining lease of 75 years, this property continues to hold significant appeal in the eyes of potential buyers, particularly considering the long-term stability and investment potential that such a lease offers.

In terms of market dynamics, the estimated value aligns precisely with the current market price, indicating a 0% difference from the baseline. This stability signals a balanced demand and supply scenario in the Choa Chu Kang area, suggesting that buyers are willing to transact at this level without significant fluctuations. The resilience of this HDB unit's valuation amidst changing market conditions underscores the desirability of the location and the quality of the property, making it an attractive prospect for both first-time buyers and seasoned investors looking to capitalize on Singapore's evolving real estate landscape.