5 Room (5I) HDB for Sale in 146 Rivervale Drive

The valuation of the HDB 5-room property located in Serangoon reflects a robust market position, with an estimated value of $845,614 or $677 PSF. This valuation is backed by a remaining lease of 71 years, which provides prospective buyers with a substantial period for occupancy and potential appreciation. The property is situated in a well-established residential enclave, characterized by its accessibility to various amenities and essential services, making it an attractive option for both investors and owner-occupiers.

Current market dynamics indicate that this property represents a good deal, showcasing a 22% difference from the baseline valuation. This signifies a favorable entry point into the Serangoon market, especially considering that the analysis is based on 38 recent HDB resale transactions within the vicinity, leading to a high model confidence in the valuation. Such a price advantage, coupled with the longevity of the lease, positions this HDB unit as a compelling investment opportunity in Singapore’s competitive real estate landscape.