5 Room (5I) HDB for Sale in 847 Jurong West Street 81

The valuation of the HDB 5-room unit in Jurong West, set at an estimated value of $631,499, reflects a price per square foot (PSF) of $485. This valuation positions the property approximately 10.8% above the market baseline, indicating a premium valuation in a competitive segment of the real estate market. However, it is crucial to note that this assessment is based on limited data, with only one recent HDB resale transaction in the vicinity contributing to the current market signal.

The remaining lease of 67 years plays a significant role in this valuation, particularly in a market where leasehold properties are often scrutinized for their remaining tenure. Properties with shorter leases tend to experience depreciation in value, while those with longer leases can command higher prices due to perceived stability and investment potential. As the Jurong West area continues to develop, bolstered by infrastructural improvements and amenities, the demand for HDB units in this locale may reinforce the higher valuation, albeit with caution given the low confidence in the model due to the limited transaction data.