3 Room (3I) HDB for Sale in 302 Serangoon Avenue 2

The valuation of the 3-room HDB unit located in Serangoon, with a remaining lease of 57 years, has been assessed at an estimated value of $375,080, translating to a price per square foot (PSF) of $582. This valuation is notably elevated, reflecting a 28% premium above the baseline market value derived from surrounding transactions. Such a significant divergence from the market norm suggests a unique positioning of the property, potentially driven by factors such as location desirability, unit condition, or specific buyer motivations.

However, it is crucial to note that the model confidence for this valuation is categorized as low, which implies that the estimate may be influenced by a limited dataset. The analysis is based on only five recent HDB resale transactions in the vicinity, indicating a potential volatility in pricing trends. As the remaining lease diminishes over time, buyer sentiment may also fluctuate, especially for HDB properties. Investors and homeowners alike should exercise caution and conduct thorough due diligence when considering properties in this segment, particularly in the context of the broader market dynamics affecting leasehold properties in Singapore.