3 Room (3A) HDB for Rent in 509 Bedok North Street 3

The valuation of the HDB 3 Room property in Bedok, with a remaining lease of 52 years, stands at an estimated value of $155,770, translating to a price per square foot of $445. This valuation reflects a cautious market sentiment, as indicated by a 0% difference from the baseline market price, suggesting that the current pricing aligns with broader market expectations. The low model confidence rating further underscores the inherent uncertainties in the valuation process, primarily influenced by the limited data provided by only two recent HDB resale transactions in the vicinity.

In analyzing the market dynamics, it is essential to consider the implications of the remaining lease period. Properties with shorter leases can experience diminished demand, particularly among buyers who prioritize long-term investment stability. The Bedok area, while generally sought after due to its accessibility and amenities, may face challenges in price appreciation for HDB units as the lease diminishes. As such, potential buyers must weigh the current valuation against the future outlook of the property, particularly in the context of Singapore's evolving real estate landscape.