Common Room (HDB) for Rent in 123 Rivervale Drive

The valuation of the HDB 2 Room unit in Serangoon, with a remaining lease of 72 years, stands at an estimated value of $62,546, equating to a price per square foot (PSF) of $625. This valuation reflects a market price that shows no significant deviation from the baseline, indicating a stable demand within the local housing market. With the remaining lease nearing the 70-year mark, potential buyers may exhibit cautious interest, as the longevity of the lease plays a crucial role in the perceived value of HDB properties in Singapore.

However, it is imperative to note that the model confidence is rated as low, primarily due to the limited dataset of only two recent resale transactions in the vicinity. This scarcity of comparable sales raises questions about the robustness of the valuation and underscores the need for potential investors to conduct further due diligence. In a market where lease tenure heavily influences buyer sentiment, the dynamics surrounding the remaining lease could significantly impact future resale opportunities, making this property a consideration for those with a long-term investment horizon.