3 Room (3NG) HDB for Rent in 616 Bedok Reservoir Road

The valuation of the 3-room HDB flat in Bedok, with a remaining lease of 54 years, is estimated at $344,405, translating to a price per square foot (PSF) of $465. This valuation reflects a market price that is currently aligned with the baseline, indicating a stable demand within the locality. The low variance from the baseline signifies a balanced market condition, where buyer sentiment is cautious yet steady, particularly in the context of the remaining lease period.

However, it is important to note that the model confidence for this valuation is categorized as low, primarily due to the limited data set from only two recent HDB resale transactions in the vicinity. This constraint suggests that while the current valuation is reflective of prevailing market conditions, it may not fully capture potential fluctuations that could arise from broader market dynamics or changes in buyer preferences. As such, stakeholders should approach this valuation with an awareness of the inherent uncertainties associated with a shorter lease term and the corresponding impact on long-term investment potential.