Common Room (HDB) for Rent in 40A Margaret Drive

This valuation report provides an in-depth analysis of a HDB 2-room unit located in the sought-after Queenstown district, with a remaining lease of 94 years. The estimated market value is pegged at $129,593, translating to approximately $1,296 per square foot (PSF). Given that the market price reflects a 0% difference from the baseline, it indicates a stable demand environment, where current pricing aligns closely with the established market norms.

However, it is important to note that the model confidence for this valuation remains low, primarily due to the limited dataset comprising only three recent HDB resale transactions in the vicinity. This scarcity of comparable sales can lead to fluctuations in perceived value, particularly in a dynamic market like Queenstown, renowned for its blend of heritage and modernity. The long remaining lease of 94 years positions this property favorably in the eyes of potential buyers, as such leases often attract interest from both owner-occupiers and investors alike. As market dynamics continue to evolve, monitoring the area’s resale trends will be critical for gauging future valuations.