Corner Terrace for Room Rent: Jubilee Road

The valuation of the HDB 2-room unit in Clementi, with a remaining lease of 75 years, reflects a calculated estimated value of $106,670, equating to a price per square foot (PSF) of $889. This evaluation is grounded in a thorough analysis of recent market dynamics, specifically informed by nine comparable HDB resale transactions in the vicinity. The price point indicates a stable market condition, with the current valuation demonstrating a 0% difference from the established baseline, suggesting a balanced equilibrium in the local real estate market.

Given the medium confidence level in this model, it is essential to consider various factors influencing the current valuation. The remaining lease period of 75 years is significant, as properties with longer leases often command a premium due to their perceived longevity and value retention. Additionally, the Clementi area is known for its strategic location and accessibility, which further enhances the desirability of HDB properties in this district. As the market evolves, continuous monitoring of transaction trends will be crucial in sustaining an accurate understanding of property valuations in this segment.