3 Room (3A) HDB for Rent in 617 Bedok Reservoir Road

The valuation of the 3-room HDB unit in Bedok, with a remaining lease of 54 years, stands at an estimated value of $299,331, translating to a price per square foot (PSF) of $464. This valuation reflects a market price that is in alignment with the baseline, indicating a stable market condition where supply and demand dynamics are balanced. The high model confidence rating suggests that this estimate is grounded in robust data analysis, particularly with reference to 290 recent HDB resale transactions in the vicinity.

Considering the remaining lease of 54 years, this property maintains a competitive edge in the market. As leasehold properties mature, buyer sentiment often shifts, and the implications of lease duration become increasingly significant in valuation. However, the current stability in pricing signals a resilient demand for HDB units in Bedok, a locality known for its amenities and connectivity. This data-driven valuation underscores the importance of location and lease tenure in influencing market dynamics, presenting a promising opportunity for potential investors and homeowners alike.