3 Room (3NG) HDB for Rent in 363 Bukit Batok Street 31

The valuation of the HDB 3 Room property located in Bukit Batok, with a remaining lease of 58 years, stands at an estimated value of $356,885, translating to a price per square foot (PSF) of $495. This valuation reflects a market price that is aligned with the baseline, indicating a neutral market signal with a 0% difference. Such stability in pricing suggests that the property is competitively positioned within its segment, supported by two recent resale transactions in the vicinity that have provided a basis for this assessment.

However, it is important to note that the model confidence for this valuation is categorized as low, indicating that while the data provides a snapshot of current market conditions, there is potential volatility in the area that could affect future pricing. The remaining lease duration of 58 years is a critical factor to consider, as properties with shorter leases often see diminished demand and value over time. Buyers should weigh these lease dynamics alongside the overall market conditions when making investment decisions in this segment of the HDB market.