Common Room (HDB) for Rent in 715 Clementi West Street 2

The valuation of the HDB 2 Room unit in Clementi, with a remaining lease of 54 years, stands at an estimated value of $58,020, translating to a price per square foot (PSF) of $624. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand for HDB properties in this sought-after district. The analysis draws from 12 recent resale transactions in the vicinity, providing a robust backdrop for this valuation, which is classified under medium model confidence due to inherent market fluctuations.

As the Clementi area continues to demonstrate resilience in the real estate market, factors such as proximity to educational institutions, transport links, and community amenities contribute to its desirability. The remaining lease of 54 years is a significant component in the valuation equation, as potential buyers often factor in lease duration when assessing future resale potential. Consequently, this valuation not only reflects current market sentiment but also underscores the importance of leasehold status in Singapore's unique property landscape.