Common Room (Landed) for Rent in Leith Road

The valuation of the HDB 2 Room unit in Serangoon, with a remaining lease of 75 years, has been estimated at $63,849, translating to a price per square foot (PSF) of $638. This valuation aligns closely with the current market price, reflecting a 0% difference from the baseline. Such stability in the pricing suggests a balanced market condition in the area, where demand may be keeping pace with supply, thus supporting the current valuation.

It is important to note that the model confidence for this estimate is classified as low, primarily due to the limited data set, which is derived from only two recent HDB resale transactions in the vicinity. This scarcity of transaction data can lead to fluctuations in market perception and valuation accuracy. Nevertheless, the remaining lease of 75 years provides a significant buffer for potential buyers, as HDB properties with longer leases often attract greater interest and maintain value better over time. The dynamics of the Serangoon area, known for its accessibility and community amenities, further enhance the attractiveness of this property, making it a noteworthy consideration for prospective buyers.