Common Room (HDB) for Rent in 115 Serangoon North Avenue 1

The valuation of the HDB 2-room unit in Serangoon, with a remaining lease of 58 years, stands at an estimated value of $60,461, translating to a price per square foot (PSF) of $504. This valuation is particularly noteworthy as it reflects a market price with a 0% difference from the baseline, indicating a stable market sentiment within the area. The stability in pricing suggests that the property has maintained its value despite the fluctuations often seen in the broader real estate market.

The model confidence for this valuation is categorized as low, primarily due to the limited data set, with only two recent HDB resale transactions providing the basis for this analysis. This scarcity of transaction data can impact the reliability of the valuation, highlighting the importance of further market observation and potential for price adjustments in the near future. Investors and homeowners should be aware that the dynamics of the HDB lease, particularly with 58 years remaining, may influence buyer sentiment and market demand, making it essential to consider both the current valuation and future market trends in the Serangoon area.