Common Room (HDB) for Rent in 237 Serangoon Avenue 3

The valuation of the HDB 2-room unit in Serangoon, with a remaining lease of 58 years, stands at an estimated value of $102,784, translating to a price per square foot (PSF) of $514. This valuation reflects a market price that aligns closely with the baseline, indicating a 0% difference. Such stability suggests that the property is currently positioned within a balanced market environment, where demand and supply dynamics appear to be in equilibrium.

However, it is crucial to note that the model confidence for this valuation is categorized as low, primarily derived from only two recent HDB resale transactions in the vicinity. This limited dataset may not fully encapsulate the broader market conditions or future trends, particularly given the property’s leasehold status. As the remaining lease diminishes, potential buyers may exhibit caution, which could impact resale values in the long term. Investors and homeowners should closely monitor market movements and consider the implications of lease duration on property appreciation and desirability.