Common Room (HDB) for Rent in 224B Sumang Lane

The valuation for the HDB 2 Room unit in Serangoon, with a remaining lease of 91 years, stands at an estimated value of $76,619, translating to a price per square foot (PSF) of $638. This assessment reflects a market price with a negligible 0% difference from the baseline, suggesting a stable demand and supply dynamic in the region. The valuation is drawn from a comparative analysis of four recent HDB resale transactions in the vicinity, providing a foundational benchmark for understanding current market conditions.

However, it is important to note that the model confidence for this valuation is classified as low, indicating potential variability in market conditions or buyer sentiment that could affect future resale values. The longevity of the remaining lease plays a crucial role in the attractiveness of this property, as longer leases generally enhance appeal among prospective buyers. Overall, while the current valuation aligns with recent market activity, stakeholders should remain vigilant to evolving trends that may influence HDB prices in Serangoon.