Common Room (HDB) for Rent in 102 Jurong East Street 13

The valuation of the HDB 2 Room in Jurong East, with a remaining lease of 55 years, stands at an estimated value of $85,939, translating to a price per square foot (PSF) of $573. This valuation is particularly salient given the current market dynamics, as it reflects a market price with a 0% difference from the baseline, indicating stability in the local real estate sector. Such a stable valuation suggests that there is a balanced supply and demand in the area, with no significant upward or downward pressures affecting pricing at this time.

Our analysis is underpinned by a robust model confidence rating of high, based on recent data from 22 HDB resale transactions in the vicinity. This data set provides a comprehensive view of market behavior and reinforces the credibility of the estimated value. As the remaining lease of 55 years offers a reasonable timeframe for potential buyers, this property may appeal to a broad demographic, including first-time buyers and investors looking for stable assets in a mature and well-connected district. The Jurong East area continues to evolve as a vibrant hub, bolstered by ongoing infrastructural developments and amenities, which further solidifies its appeal in the residential market.