Common Room (HDB) for Rent in 118 Serangoon North Avenue 1

The valuation of the HDB 2-room unit located 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 reflects a market signal showing no deviation from the baseline, indicating a stable pricing environment in the area. Such stability can be indicative of a balanced supply and demand scenario, which is particularly relevant given the ongoing trends in the Singapore property market.

However, it is important to note that the model confidence for this valuation is categorized as low, primarily due to the limited data set, with only two recent HDB resale transactions available for comparison in the vicinity. This low confidence level suggests that while the current valuation aligns with market expectations, it may be susceptible to fluctuations based on broader market dynamics or changes in buyer sentiment. As such, potential buyers and investors should approach this property with a comprehensive understanding of the leasehold nature of HDBs and the implications of the remaining lease on long-term value appreciation.