Master Room (HDB) for Rent in 309 Shunfu Road

The valuation of the HDB 2-room unit in Ang Mo Kio, with a remaining lease of 58 years, stands at an estimated value of $119,685, translating to a price per square foot (PSF) of $598. This valuation reflects a neutral market signal, as the estimated value shows no difference from the baseline, suggesting that the property is competitively priced within the current market landscape. The stability in pricing can be attributed to a balanced supply-demand dynamic, particularly given the recent trends observed in the vicinity.

Analyzing the data from 14 recent HDB resale transactions in Ang Mo Kio, it is apparent that the locality continues to maintain a strong appeal among buyers, bolstered by its strategic location and the amenities available in the area. The medium confidence level in this model implies that while current market conditions support the valuation, fluctuations may still arise due to broader economic factors or shifts in buyer sentiment. The remaining lease of 58 years also plays a critical role in the property’s attractiveness, as potential buyers weigh the implications of lease tenure on future resale value and investment potential.