Common Room (HDB) for Rent in 258 Jurong East Street 24

This report presents a valuation analysis of a 2-room HDB flat located in Jurong East, with a remaining lease of 55 years. The estimated market value stands at $68,751, translating to a price per square foot (PSF) of $573. This valuation is particularly significant as it reflects a market price that shows no deviation from the established baseline, indicating a stable demand for HDB properties in this region.

The model confidence for this valuation is categorized as high, based on an extensive review of 22 recent HDB resale transactions within the vicinity. This robust dataset enhances the reliability of the valuation, providing a clear perspective on market dynamics. Notably, the 55-year remaining lease plays a crucial role in influencing buyer sentiment, as prospective homeowners often consider lease duration alongside location desirability. The stability of pricing in this area suggests that Jurong East remains a sought-after destination, supported by ongoing developments and infrastructure improvements that continue to enhance its attractiveness as a residential choice.