3 Room (3I) HDB for Sale in 502 Bedok North Street 3

The valuation of the HDB 3 Room unit located in Bedok, with a remaining lease of 51 years, is positioned at an estimated value of $265,812, translating to a price per square foot of $419. This valuation is notably above the market baseline, indicating a significant premium of 53.5%. Such a disparity suggests a robust demand for HDB properties in this region, driven by various factors, including proximity to amenities and established transport links that enhance the residential appeal of Bedok.

However, it is crucial to note that the model confidence for this valuation is categorized as low, primarily due to the reliance on a limited dataset comprising only two recent HDB resale transactions in the vicinity. This limitation may affect the reliability of the valuation, as it does not fully encapsulate the broader market dynamics or account for fluctuations in buyer sentiment. As the remaining lease of this property approaches the mid-term mark, it is essential for potential buyers and investors to weigh the implications of lease duration against the property’s market positioning and the potential for future appreciation.