Common Room (HDB) for Rent in 215 Serangoon Avenue 4

The valuation of the HDB 2-room unit in Serangoon, with a remaining lease of 57 years, stands at an estimated value of $50,506, translating to a price per square foot (PSF) of $505. This valuation reflects a market price that is aligned with the baseline, indicating a stable demand in the vicinity. The absence of any significant deviation from the baseline suggests a competitive yet cautious market environment for HDB properties in this area.

However, it is noteworthy that the model confidence for this valuation is categorized as low, which warrants careful consideration. This classification stems from the analysis of only two recent HDB resale transactions within the vicinity, which may not fully represent the broader market dynamics. The remaining lease term of 57 years also plays a crucial role in the valuation process, as properties with shorter leases typically face a downward pressure on value. As such, prospective buyers and investors should approach this valuation with an understanding of the potential market fluctuations and the implications of the remaining lease on future resale opportunities.