1 Room HDB for Rent in 507 West Coast Drive

The valuation of the HDB 2 Room unit in Clementi, with a remaining lease of 51 years, stands at an estimated value of $433,318, translating to a price per square foot (PSF) of $601. This valuation reflects a market signal of 0% difference from the baseline, indicating a stable pricing environment in the current property landscape. Such stability is essential for potential buyers and investors who are navigating the complexities of the HDB resale market.

Analysis of the recent transactions in the vicinity, with a sample size of 12 comparable HDB sales, suggests a moderate level of confidence in this valuation, classified as medium. This is indicative of a consistent demand for HDB properties in the Clementi area, despite the remaining lease period. As the real estate market remains sensitive to lease durations, the 51-year lease on this unit may attract a specific demographic looking for affordability and location advantages, particularly in a mature estate like Clementi. Therefore, this valuation not only reflects current market sentiments but also underscores the intrinsic value of HDB properties as enduring assets in the Singapore real estate landscape.