2 Room (2A) HDB for Sale in 809B Choa Chu Kang Avenue 1

This valuation report pertains to a 2-room HDB unit located in the burgeoning precinct of Choa Chu Kang, with a remaining lease of 88 years. The estimated value of this property stands at $356,365, which translates to a price per square foot (PSF) of $704. An analysis of recent market trends indicates a market price that is a mere 1.8% deviation from the baseline, suggesting a relatively stable pricing environment within this segment of the HDB market.

However, it is important to note that the model confidence for this valuation is classified as low, primarily due to the limited dataset derived from only three recent resale transactions in the vicinity. This constraint highlights the necessity for cautious interpretation of the estimated value, as local market dynamics can significantly influence pricing. The property’s remaining lease of 88 years is also a critical factor, as it positions the unit favourably compared to those with shorter leases, appealing to both first-time buyers and investors looking for long-term holdings. As such, potential buyers and stakeholders are advised to consider these variables carefully when evaluating the prospects of this HDB unit in the current market landscape.