Common Room (HDB) for Rent in 217B Sumang Walk

The valuation of the 2-room HDB unit in Serangoon, with a remaining lease of 90 years, is estimated at $97,689, translating to a price per square foot (PSF) of $651. This valuation reflects a market price that is in perfect alignment with the baseline, indicating a stable demand environment within the vicinity. The proximity to essential amenities, coupled with the enduring appeal of Serangoon as a residential hub, supports the resilience of HDB values in this locality.

However, it is crucial to note that the model confidence for this valuation is classified as low, which suggests potential variability influenced by limited transactional data. The analysis is based on just two recent HDB resale transactions, which may not fully capture the broader market dynamics or fluctuations that can occur within the real estate sector. As such, stakeholders should consider the implications of this low confidence level when evaluating investment opportunities or pricing strategies in the current market landscape.