Terraced House for Room Rent: Westville

The valuation of the HDB 2-room unit in Jurong East, with a remaining lease of 70 years, stands at an estimated value of $85,786, translating to a price per square foot (PSF) of $715. This valuation reflects a market price that is in perfect alignment with the baseline, indicating a 0% difference. Such stability in pricing suggests a balanced market equilibrium where supply meets demand, underscoring the attractiveness of Jurong East as a desirable residential locale.

With a high model confidence level, this valuation is substantiated by an analysis of 22 recent HDB resale transactions in the vicinity. This robust data set reinforces the reliability of the market signal, indicating that the performance of this property is consistent with prevailing market trends. The remaining lease of 70 years is a critical consideration, as properties with such lease durations often retain their value better than those with shorter leases, particularly in a strategic location like Jurong East, which is poised for ongoing development and urban renewal.