5 Room (5I) HDB for Sale in 121 Rivervale Drive

The valuation of the HDB 5-room unit in Serangoon, with a remaining lease of 72 years, stands at an estimated value of $669,437, translating to a price per square foot (PSF) of $565. This figure positions the property within a competitive market landscape, exhibiting a slight market price deviation of 3.2% from the baseline. Such a marginal difference indicates a relatively stable pricing environment in the Serangoon area, which is known for its vibrant community and accessibility to amenities.

However, it is important to note that the model confidence for this valuation is categorized as low, suggesting that there are underlying market dynamics that could influence the accuracy of this estimate. The reliance on only three recent HDB resale transactions in the vicinity may limit the robustness of the data, potentially reflecting fluctuations in buyer sentiment and market conditions. As the remaining lease is a critical factor in HDB valuations, prospective buyers should carefully consider the impact of lease tenure on future resale potential and overall investment viability.