Common Room (HDB) for Rent in 488C Choa Chu Kang Avenue 5

The valuation of the HDB 2 Room unit in Choa Chu Kang, with a remaining lease of 89 years, stands at an estimated value of $107,238, translating to a price per square foot (PSF) of $715. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand for HDB properties in the area. The competitive pricing underscores the resilience of the HDB market, particularly in regions like Choa Chu Kang, which continues to attract both first-time buyers and investors aiming to capitalize on long-term appreciation.

Analysis of recent market trends shows that this valuation is derived from 18 recent HDB resale transactions in the vicinity, providing a solid empirical foundation for the estimated value. The model confidence is rated as medium, suggesting that while the valuation is grounded in current market dynamics, fluctuations may arise from broader economic factors or changes in buyer sentiment. The longevity of the remaining lease plays a crucial role in maintaining the property’s intrinsic value, as potential buyers tend to favor properties with extended leases that offer a secure investment horizon.