3 Room (3NG) HDB for Rent in 713 Clementi West Street 2

The valuation for the HDB 3 Room unit in Clementi, with a remaining lease of 54 years, stands at an estimated value of $282,038, translating to a price per square foot (PSF) of $403. This valuation reflects a market price that is in equilibrium with the baseline, indicating a 0% difference. Such stability suggests a balanced demand and supply scenario in the Clementi region, a characteristic that is often appreciated by potential buyers seeking long-term investment opportunities.

However, it is important to note that the model confidence is classified as low, which may imply a degree of uncertainty in the valuation due to various market dynamics. This assessment is based on only four recent HDB resale transactions in the vicinity, which could limit the robustness of the data. As the remaining lease of 54 years is a significant factor in the valuation, prospective buyers should consider the implications of lease decay and its potential impact on future resale value. With the evolving landscape of the Singapore real estate market, the interplay between lease tenure and market sentiment remains a pivotal consideration for stakeholders in this segment.