Master Room (HDB) for Rent in 118 Clementi Street 13

The valuation of a 2-room HDB unit in Clementi, with a remaining lease of 57 years, stands at $99,023, translating to a price per square foot (PSF) of $660. This valuation reflects a market price that is consistent with the baseline, indicating stability in the local property landscape. Such stability can be attributed to Clementi's favorable location, which is well-regarded for its accessibility and amenities, making it a desirable choice for both homebuyers and investors alike.

Analysis of the recent HDB resale transactions in the vicinity, comprising 11 comparable sales, reinforces the estimated value's credibility. The model confidence level is deemed medium, suggesting that while the data points to a reliable valuation, there may be fluctuations influenced by broader market trends or specific property conditions. The remaining lease period of 57 years is a significant factor to consider, as it plays a crucial role in determining long-term investment viability. The current market dynamics suggest that while prices remain stable, potential buyers should remain cognizant of the implications of lease tenure on future resale potential and overall investment strategy.