3-Room HDB for Room Rent: 602 Clementi West Street 1

The valuation of the HDB 3-room property located in Clementi presents a compelling case for potential buyers and investors alike. With a remaining lease of 52 years, the estimated value stands at $48,327, translating to a price per square foot (PSF) of $403. This valuation reflects a market price that is on par with the baseline, indicating stable demand in the area and a consistent market performance. The data is supported by insights drawn from 12 recent HDB resale transactions within the vicinity, underscoring the property's competitive positioning amidst comparable offerings.

Despite the medium confidence level associated with this valuation model, the current market signals suggest that Clementi remains a sought-after location, particularly for families seeking proximity to educational institutions and transport links. The 52-year remaining lease is a critical factor that potential buyers must consider, as it impacts not only the property's long-term value but also the perceptions of future resale potential. With the market demonstrating no significant deviations from the baseline, stakeholders should view this property as a viable option within a stable and resilient HDB marketplace.