Common Room (HDB) for Rent in 435B Northshore Drive

This valuation report focuses on a HDB 2 Room unit located in the desirable Serangoon area, with a substantial remaining lease of 97 years. The estimated value of the unit is pegged at $95,774, translating to a price per square foot (PSF) of $638. This valuation positions the property at a critical market equilibrium, as it reflects a 0% difference from the baseline market price—indicating that the unit is currently priced at fair market value.

It is essential to note the model confidence in this valuation is categorized as low, given the limited data derived from only four recent HDB resale transactions within the vicinity. While the Serangoon area is traditionally sought after for its vibrant community and accessibility, the lack of robust transaction data suggests a cautious approach for potential buyers. A comprehensive understanding of the local market dynamics, along with careful consideration of the remaining lease term, will be vital for stakeholders seeking to navigate this segment effectively.