3 Room (3I) HDB for Sale in 501 Bedok North Street 3

This valuation report focuses on a HDB 3-room unit located in the vibrant district of Bedok, which boasts a remaining lease of 50 years. The estimated value of the property stands at $267,718, reflecting a price per square foot (PSF) of $422. Notably, this figure positions the property 37.5% above the market baseline, indicating a significant premium compared to similar transactions in the area.

While the elevated valuation suggests strong demand and desirability for HDB units in Bedok, it is essential to note that the model confidence is low, derived from only six recent resale transactions in the vicinity. This low confidence level underscores the need for caution, as variations in buyer sentiment and market dynamics can significantly impact property values. The remaining lease of 50 years further complicates the valuation landscape, as prospective buyers may have concerns regarding future capital appreciation and lease decay. Investors and homeowners should consider these factors meticulously when evaluating this property.