Terraced House for Room Rent: Lorong How Sun

The valuation of the HDB 2-room unit in Serangoon, with a remaining lease of 72 years, stands at an estimated value of $114,835, translating to a price per square foot of $638. This figure indicates a market price that reflects a 0% difference from the baseline, suggesting that the property is currently priced in alignment with prevailing market trends for similar units in the vicinity. Such stability in pricing may attract potential buyers who are looking for a reliable investment in a well-established neighborhood.

However, the model confidence associated with this valuation is categorized as low, primarily due to the limited data pool derived from only two recent HDB resale transactions in the area. This cautious outlook may signal underlying market dynamics that warrant further investigation. Factors such as the remaining lease duration, overall demand for HDB flats in Serangoon, and the broader economic environment may influence buyer sentiment and ultimately affect future price trajectories. Investors and homeowners alike should consider these elements when evaluating the long-term potential of this property.