Premium HDB for Rent in 120C Rivervale Drive

The valuation of the HDB 5-room apartment in Serangoon, with a remaining lease of 72 years, stands at an estimated value of $893,912, translating to $687 per square foot. This price reflects a stable market condition, evidenced by a market price that shows a 0% difference from baseline, indicating strong buyer sentiment and equilibrium between supply and demand in the area. Such stability is particularly noteworthy given the ongoing fluctuations in the broader real estate market, which have influenced pricing trends across various districts.

The model confidence for this valuation is classified as high, derived from an analysis of 38 recent HDB resale transactions within the vicinity. This robust dataset reinforces the reliability of the estimated value, highlighting the consistent performance of similar properties in the Serangoon area. As the remaining lease of 72 years is considered healthy for HDB properties, it positions this unit favorably in the eyes of potential buyers, ensuring continued interest and potential appreciation in value as the market evolves. Overall, this valuation underscores the resilience and attractiveness of HDB living in Serangoon, making it a compelling option for both home buyers and investors alike.