Master Room (HDB) for Rent in 228 Jurong East Street 21

The valuation of the 2-room HDB unit in Jurong East, with a remaining lease of 60 years, stands at an estimated value of $83,590, equating to a price per square foot (PSF) of $643. This valuation reflects a nuanced understanding of the current market dynamics, particularly as it registers a market price that is precisely aligned with the baseline, indicating a 0% difference. Such a stable price point suggests that the property is well-positioned within the local market, supported by solid demand and a consistent supply of similar units in the vicinity.

The model confidence in this valuation is notably high, underpinned by an analysis of 22 recent HDB resale transactions in the area. This robust dataset provides a reliable foundation for understanding market trends and price fluctuations. The sustained interest in Jurong East, a region characterized by its strategic location and ongoing development initiatives, further enhances the investment appeal of this property. As the remaining lease of 60 years offers a balanced risk profile for potential buyers, it is crucial to consider the broader implications of leasehold properties in the HDB market, particularly in terms of long-term value retention and potential for capital appreciation.