3 Room (3A) HDB for Sale in 704 Yishun Avenue 5

The valuation of the HDB 3 Room unit in Yishun, with a remaining lease of 56 years, presents a compelling case of market dynamics at play. Priced at an estimated value of $304,855, equating to $417 per square foot, this property is currently positioned significantly above the market baseline, reflecting a 30.6% premium. Such a valuation indicates a strong demand for HDB properties in Yishun, particularly among buyers who are willing to pay a premium for remaining lease tenure and favorable living conditions.

However, it is crucial to note that the model confidence associated with this valuation is low, suggesting that the estimated value may be influenced by outlier transactions or fluctuating market sentiments. The analysis is based on three recent HDB resale transactions in the vicinity, which may not fully encapsulate the broader market conditions. As Singapore's property landscape continues to evolve, potential buyers and investors should remain cognizant of these variables, especially considering the implications of the remaining lease and its impact on long-term investment viability.