Common Room (HDB) for Rent in 86 Commonwealth Close

The valuation of the HDB 2-room unit in Queenstown, with a remaining lease of 37 years, is currently estimated at $48,526, translating to a price per square foot (PSF) of $324. This valuation reflects a significant market signal, as it indicates a 0% difference from the baseline, suggesting that the current price is aligned with prevailing market trends. Such stability in pricing is indicative of a balanced supply and demand dynamic in the Queenstown area, which has historically been a sought-after location due to its strategic proximity to the central business district and robust public transport connectivity.

The confidence level for this valuation is classified as medium, based on a comparative analysis of 13 recent HDB resale transactions in the vicinity. This sample size provides a reasonable basis for understanding current market conditions and trends. As the remaining lease diminishes further, potential buyers may exhibit varying levels of interest, particularly in light of the evolving preferences for housing in Singapore. The performance of this property within the broader market context highlights the importance of lease tenure in influencing buyer sentiment and pricing dynamics, making it essential for stakeholders to remain vigilant to shifts in both local and macroeconomic factors.