Terraced House for Room Rent: Studio @ Boon Keng

The valuation of the HDB 2-room unit in Serangoon, with a remaining lease of 75 years, stands at an estimated value of $167,604, translating to a price per square foot (PSF) of $670. This valuation reflects a market price that shows no deviation from the baseline, indicating a stable yet cautious sentiment within the local HDB market. The absence of price fluctuation suggests that buyers are currently maintaining a conservative approach, potentially influenced by broader economic factors and housing supply dynamics.

It is noteworthy that the model confidence for this valuation is classified as low, primarily due to the reliance on only two recent HDB resale transactions in the vicinity. This limited data set may not fully capture the complexities of market conditions in Serangoon, which could be influenced by varying demand levels and demographic shifts. As the remaining lease of 75 years provides a significant buffer for potential appreciation, it remains essential for investors and buyers to consider both the immediate valuation metrics and the longer-term lease implications, ensuring informed decision-making in this evolving market landscape.