2 Room (2A) HDB for Rent in 659B Punggol East

The valuation of the HDB 2 Room unit in Punggol, estimated at $380,519 or $752 PSF, reflects the current market dynamics and the property’s remaining lease of 91 years. This lease duration positions the property favorably within the Singapore housing landscape, as it allows for significant time before lease expiry, appealing to both potential buyers and investors who prioritize long-term ownership. The valuation is based on a close analysis of three recent HDB resale transactions in the vicinity, providing a relevant comparative framework for assessing market trends.

Despite the valuation indicating a market price with a 0% difference from the baseline, the model confidence remains low, suggesting potential fluctuations in demand and supply dynamics within the Punggol area. Such a low confidence rating may be reflective of broader economic conditions or shifts in buyer sentiment, which could influence future resale values. As Punggol continues to develop with infrastructural enhancements and community amenities, the long-term outlook for this property segment may still hold promise, warranting close monitoring of market trends and buyer activity in the area.