Master Room (HDB) for Rent in 51 Strathmore Avenue

The valuation for the HDB 2-room unit located in Queenstown, with a remaining lease of 79 years, stands at an estimated value of $224,463, translating to a price per square foot (PSF) of $1,122. This valuation reflects a market price that is in equilibrium, demonstrating a 0% difference from the baseline, indicating that the property is currently positioned at a balanced point within the market dynamics. The stability in pricing suggests that the area is maintaining its value, driven by the inherent demand for HDB units in this mature estate.

However, the model confidence for this valuation is classified as low, primarily due to the reliance on a limited dataset, as it is based on only one recent HDB resale transaction in the vicinity. This lack of diverse transactional data may affect the robustness of the valuation, highlighting the need for potential buyers and sellers to approach this valuation with caution. Furthermore, the remaining lease of 79 years suggests that while there is still significant longevity in the property’s tenure, prospective buyers should consider the implications of lease decay and how it may impact future valuations and marketability.