Common Room (HDB) for Rent in Spottiswoode Park Road

The valuation of this HDB 2-room unit located in the Central Area reflects a calculated estimate of $110,331, translating to a price per square foot (PSF) of $525. This valuation is particularly noteworthy given the property’s remaining lease of 49 years, which places it in a category that may attract both first-time buyers and investors seeking affordable entry points in a prime urban location. The lack of appreciation in market price—indicated by a 0% difference from the baseline—suggests a stable yet cautious market sentiment amidst fluctuating economic conditions.

Model confidence for this valuation is categorized as low, which implies a degree of uncertainty based on the recent transactions analyzed. The estimate is derived from three comparable HDB resale transactions in the vicinity, which may not fully capture the nuances of the current market dynamics. As Singapore’s real estate landscape continues to evolve, especially in central locations, potential buyers should remain aware of both the implications of the shorter remaining lease period and the broader economic factors that could influence future demand and resale potential.