4-Room HDB for Room Rent: 307 Serangoon Avenue 2

The valuation of the HDB 4-room unit in Serangoon, with a remaining lease of 58 years, is estimated at $113,488, translating to a price per square foot (PSF) of $567. This valuation reflects a nuanced understanding of the current market dynamics, as it stands at a baseline market price with a 0% difference, indicating a stable demand within the local real estate landscape. The moderate remaining lease period is a crucial factor, as it may impact buyer sentiment and long-term investment potential, particularly in an area as sought-after as Serangoon.

Market analysis based on 13 recent HDB resale transactions in the vicinity provides a solid foundation for this valuation, enhancing model confidence to a medium level. The consistent pricing observed in recent transactions signals a resilient market, suggesting that buyers are willing to meet the asking prices in this segment. Additionally, the Serangoon locale benefits from a well-established infrastructure and amenities, which further supports the desirability of HDB properties in the area. As such, this valuation is indicative of a property that, while subject to the dynamics of lease longevity, remains firmly positioned within a favorable market context.