Terraced House for Room Rent: D05 Buona Vista, West Coast, Clementi New Town

The valuation of the HDB 2 Room unit in Clementi, with a remaining lease of 61 years, stands at an estimated value of $176,619, translating to a price per square foot (PSF) of $706. This valuation reflects a market price that is aligned precisely with the baseline, indicating a stable demand for HDB properties in this sought-after locale. The medium confidence level of the model suggests that while the data is reliable, external factors may still influence the market dynamics in the near future.

Recent transactions in the Clementi area, particularly from the 11 resale transactions analyzed, provide a robust foundation for this valuation. The stability in pricing observed can be attributed to several factors:

• Proximity to Amenities: Clementi is known for its accessibility to educational institutions, shopping facilities, and public transport, enhancing its desirability among homebuyers.
• Community Appeal: The established community and vibrant living environment foster a competitive market atmosphere, sustaining property values.
• Lease Dynamics: With 61 years remaining on the lease, the property remains a viable option for long-term buyers, although potential fluctuations in value may arise as the lease approaches its final years.

In summary, while the current valuation mirrors the market price, ongoing monitoring of the property market and lease dynamics will be crucial for stakeholders considering investments in this area.