Common Room (HDB) for Rent in 247 Jurong East Street 24

The valuation of the HDB 2-room unit in Jurong East, with a remaining lease of 75 years, stands at an estimated value of $76,564, equating to a price per square foot (PSF) of $766. This valuation reflects a critical analysis of the current market dynamics, with the property exhibiting a market price that aligns precisely with the baseline — indicating a 0% difference. Such stability in pricing suggests a balanced market condition, where buyer demand and seller expectations are closely aligned.

Our analysis is grounded in a robust dataset derived from 22 recent HDB resale transactions within the vicinity, which enhances the model's confidence in this valuation to a high level. The Jurong East area, known for its strategic location and developmental potential, continues to attract interest from both first-time buyers and investors. The remaining lease of 75 years is a critical factor, as it assures prospective buyers of substantial occupancy duration, while also playing a role in pricing dynamics. Overall, this valuation not only reflects current market conditions but also underscores the enduring appeal of HDB properties in this region.