5 Room (5I) HDB for Sale in 477B Upper Serangoon View

The valuation of the HDB 5-room unit located in Serangoon, with a remaining lease of 88 years, is estimated at $793,711, translating to a price per square foot (PSF) of $658. This valuation is notably positioned 22% above the market baseline, indicating a robust demand and a premium placed on this particular property. Such a significant deviation from the baseline suggests that buyers are willing to pay a higher price for the perceived value and desirability of the Serangoon area, which is characterized by its well-established amenities, transport links, and vibrant community life.

With a model confidence rating of high, this valuation is bolstered by an extensive analysis of 290 recent HDB resale transactions within the vicinity. The data reflects an upward trend in property values, influenced by factors such as limited land supply, population growth, and the ongoing development of nearby infrastructure. The remaining lease of 88 years further enhances the investment appeal of this property, as it provides prospective homeowners with a substantial timeframe to enjoy their investment. Overall, this HDB unit in Serangoon exemplifies the dynamic nature of the Singapore real estate market, where strategic location and lease duration play critical roles in valuation and buyer interest.