Common Room (HDB) for Rent in 211 Boon Lay Place

The valuation of the HDB 2 Room unit in Jurong East, with a remaining lease of 47 years, stands at an estimated value of $48,929, translating to a price per square foot (PSF) of $489. This valuation reflects a stable market position, as evidenced by a 0% difference from the baseline market price. Such a figure indicates that this property is accurately priced within the current market dynamics, suggesting a balanced supply and demand scenario in the Jurong East area.

The high model confidence level of this valuation is reinforced by the analysis of 22 recent HDB resale transactions in the vicinity. This robust dataset provides a solid foundation for the estimated value, highlighting the resilience of the HDB market even with a remaining lease of 47 years. Given that properties with shorter leases often face depreciation, the consistent market performance in this area demonstrates the desirability of Jurong East, supported by ongoing infrastructural developments and community amenities that continue to enhance the overall living environment.