Master Room (HDB) for Rent in 489C Choa Chu Kang Avenue 5

The HDB 2-room unit located in Choa Chu Kang, with a remaining lease of 89 years, presents a compelling valuation of $92,939, translating to a price per square foot (PSF) of $715. This valuation is indicative of a stable market environment, as evidenced by a market price that shows no deviation from the baseline. The consistency in pricing suggests that the unit is well-positioned within its competitive landscape, appealing to both first-time buyers and investors seeking a foothold in this matured district.

Our analysis is bolstered by a reliable dataset, which encompasses 18 recent HDB resale transactions within the vicinity. This robust sample size enhances our confidence in the valuation model, albeit classified as medium due to potential market fluctuations. The sustained demand for HDB properties in the Choa Chu Kang area, combined with the long remaining lease, reinforces the attractiveness of this asset. Stakeholders should note the underlying market dynamics, as they play a crucial role in future appreciation potential and overall investment viability.