Common Room (HDB) for Rent in 462 Choa Chu Kang Avenue 4

The valuation of the HDB 2-room flat in Choa Chu Kang, with a remaining lease of 71 years, stands at an estimated value of $82,313, translating to a price per square foot (PSF) of $686. This valuation reflects a nuanced understanding of the current market dynamics, particularly given the flat's location within a well-established residential precinct. The assessed value indicates a stable market position, with a market price showing a 0% difference from baseline, suggesting equilibrium between supply and demand in the area.

The model confidence for this valuation is categorized as high, supported by a robust dataset of 44 recent HDB resale transactions in the vicinity. This solid foundation enhances the credibility of the valuation, indicating that the property is likely to attract interest from potential buyers who are keen on securing housing options within this popular district. The longevity of the lease remaining on the unit also plays a crucial role in its desirability, as it allows for extended habitation and investment potential, aligning well with the preferences of both owner-occupiers and investors in the Singaporean real estate market.