Executive HDB for Sale in 688 Jurong West Central 1

This valuation report focuses on an Executive HDB unit located in the vibrant Jurong West district, which currently holds a remaining lease of 69 years. The estimated value for this property stands at $895,158, translating to a price per square foot (PSF) of $598. This valuation reflects a nuanced perspective on the current market dynamics, particularly noting that the market price shows a modest deviation of only 0.4% from the established baseline. Such a close alignment suggests a relatively stable demand for HDB properties within this locality, although it also hints at potential market saturation given the low confidence level associated with the model used for this analysis.

The low model confidence rating is indicative of a limited data set, drawn from merely two recent HDB resale transactions within the vicinity. This scarcity of transactional data may contribute to volatility in the market perception of property values. Investors and homeowners should approach this valuation with a discerning eye, considering both the remaining lease period and the existing market conditions in Jurong West, which are influenced by broader economic factors and governmental housing policies. As the market continues to evolve, stakeholders must remain vigilant and adaptive to shifts that may affect property value trajectories in this increasingly competitive segment of Singapore's real estate landscape.