Common Room (HDB) for Rent in 992B Upper Jurong Road

The valuation of the HDB 2-room unit in Jurong East, with a remaining lease of 96 years, stands at an estimated value of $196,882, translating to a price per square foot (PSF) of $788. This valuation reflects a stable market position, as indicated by a market price comparison showing a 0% difference from the baseline. Such equilibrium suggests that the property is currently priced in line with broader market trends, thus reinforcing the notion of a balanced supply-demand scenario in this particular segment of the HDB market.

With a model confidence rating classified as high, this valuation is underpinned by a robust analysis drawn from 23 recent HDB resale transactions in the vicinity. This substantial dataset enhances the reliability of the valuation, providing a comprehensive overview of market sentiment and transaction activity. The 96-year lease remaining on the property further adds to its appeal, as buyers typically favor longer lease durations, which are seen as a safeguard against depreciation in value. Overall, the current market dynamics in Jurong East indicate a healthy and competitive environment for HDB properties, making this unit a noteworthy consideration for prospective buyers.