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

The valuation of the 3-room HDB unit in Bedok, with a remaining lease of 51 years, is estimated at $265,812 or $419 PSF. This valuation positions the property significantly above the market baseline, reflecting a substantial 38.4% difference. Such a premium indicates a strong demand for HDB units in this locale, potentially driven by Bedok's strategic location and amenities that appeal to families and young professionals alike.

However, the model confidence for this valuation is categorized as low, which suggests a degree of uncertainty influenced by the limited data set derived from just two recent resale transactions in the vicinity. This scarcity of comparable sales may result in fluctuations in perceived value, particularly as buyers weigh the implications of the remaining lease duration against market trends and future redevelopment prospects. Investors and homeowners should consider these dynamics carefully, as the interplay between leasehold terms and market demand can significantly impact long-term value appreciation.