Common Room (HDB) for Rent in 185 Boon Lay Avenue

The valuation of the HDB 2-room unit located in Jurong East, with a remaining lease of 48 years, stands at an estimated value of $24,510, translating to a price per square foot (PSF) of $490. This valuation reflects a stable market condition, as evidenced by the market price showing a 0% difference from the baseline. Such stability suggests that the property is effectively aligned with prevailing market trends, indicating a balanced demand and supply scenario in the vicinity.

Our analysis is grounded in a robust dataset, having considered 22 recent HDB resale transactions in the area, which lends a high level of confidence to the model. The remaining lease of 48 years positions this property uniquely within the HDB landscape, as it still offers substantial time for ownership, thereby appealing to both first-time buyers and investors. As the Jurong East region continues to develop, with ongoing infrastructure enhancements and urban rejuvenation plans, the long-term value potential for this HDB unit remains promising.