3 Room (3A) HDB for Sale in 650 Ang Mo Kio Street 61

The valuation of the HDB 3 Room property in Ang Mo Kio, with a remaining lease of 87 years, stands at an estimated value of $737,958, translating to a price per square foot (PSF) of $1,024. This valuation reflects a modest market signal, with only a 1.3% difference from the baseline, indicating a stable yet competitive market environment. The slight deviation from the baseline value suggests a resilient demand in the HDB sector, particularly in well-established residential areas like Ang Mo Kio, which continues to attract both buyers and investors.

It is important to note that the model confidence for this valuation is categorized as low, derived from an analysis of just four recent resale transactions in the vicinity. This limited dataset could potentially impact the reliability of the valuation and suggests that market dynamics may be influenced by several factors including buyer sentiment, the economic climate, and the overall demand for HDB properties in Singapore. Given the remaining lease of 87 years, prospective buyers may perceive the longevity of the lease as an attractive feature, balancing the current market conditions against the broader context of HDB leasehold properties.