5 Room (5I) HDB for Sale in 422A Northshore Drive

The valuation of the 5-room HDB unit in Serangoon, with a remaining lease of 93 years, stands at an estimated value of $800,293, translating to a price per square foot (PSF) of $658. This price is notably above the market baseline, with a substantial difference of 60.9%. Such a premium valuation signals strong demand in the Serangoon area, reflecting the desirability of this location among prospective buyers, particularly those seeking spacious family units.

Our analysis draws from a robust data set comprising 145 recent HDB resale transactions in the vicinity, lending high confidence to this valuation model. The longevity of the lease remaining adds a significant appeal, especially as buyers increasingly prioritize properties with longer lease terms to mitigate concerns over lease decay. The current market dynamics indicate that Serangoon is experiencing a competitive landscape, which is likely fueled by its strategic location, connectivity, and amenities. This valuation serves not only as a reflection of current market conditions but also as an indicator of the sustained interest in HDB properties within this vibrant estate.