Common Room (HDB) for Rent in 163 Lorong 1 Toa Payoh

The valuation of the 2-room HDB unit in Toa Payoh, estimated at $54,392 or $453 per square foot, reflects a stabilizing segment within the Singapore public housing market. With a remaining lease of 45 years, this property is positioned in a competitive area known for its accessibility and community amenities. The valuation indicates a market equilibrium, as it shows a 0% difference from the baseline, suggesting that the property is aligned with current market sentiments and expectations.

However, it is crucial to note the low confidence level associated with this valuation, derived from just seven recent resale transactions in the vicinity. Such a limited dataset may introduce variability in the price forecast and reflects cautious market dynamics. Investors and homeowners should consider the implications of the remaining lease duration, as properties with shorter leases can face diminishing interest over time, potentially impacting resale value. As the market continues to evolve, monitoring trends in leasehold properties will be vital for stakeholders in Toa Payoh and beyond.