Master Room (HDB) for Rent in 708 Clementi West Street 2

The valuation of the HDB 2-room property in Clementi, with a remaining lease of 54 years, stands at an estimated value of $93,581, translating to a price per square foot (PSF) of $624. This valuation places the property at a market price that shows no deviation from the baseline, indicating a stable demand in this particular segment of the market. The medium confidence level of this valuation suggests that while the data is reasonably reliable, external factors may still influence market dynamics.

In analyzing the local market conditions, it is noteworthy that this valuation is based on 12 recent HDB resale transactions in the vicinity, providing a robust data set for comparison. The stability of the price indicates a balanced market environment where demand for HDB properties in Clementi remains consistent, despite the remaining lease of 54 years. This aspect is critical, as properties with shorter remaining leases often face valuation challenges. However, the consistent market activity in this area suggests that buyers are willing to invest, likely due to Clementi's strategic location and amenities, thereby reinforcing the property’s market position.