Master Room (HDB) for Rent in 188B Rivervale Drive

The valuation of the HDB 2 Room unit in Serangoon, with a remaining lease of 73 years, stands at an estimated value of $63,415, translating to a price per square foot (PSF) of $634. This assessment reflects a market signal indicating that the property's value is aligned with the baseline price, showcasing a 0% difference from the prevailing market average. Such stability in pricing suggests a balanced demand and supply scenario in the Serangoon area, which is known for its strategic location and community amenities.

However, the model confidence for this valuation is rated as low, primarily due to the limited data pool, with only two recent HDB resale transactions in the vicinity serving as comparables. This scarcity of transactional data may indicate a less dynamic market environment, potentially affecting the accuracy of the valuation. As HDB properties mature in their lease terms, the remaining lease of 73 years should be carefully considered by prospective buyers, as it plays a crucial role in long-term investment viability and future resale potential.