3 Room (3NG) HDB for Sale in 217 Bedok North Street 1

The valuation for the 3-room HDB property located in Bedok, with a remaining lease of 52 years, stands at an estimated value of $334,231, translating to a price per square foot (PSF) of $464. This valuation indicates a significant market signal, suggesting that the property is priced above the market average by 49.3% compared to the baseline. Such a substantial deviation raises questions about the underlying market dynamics and the health of the HDB resale market in this particular area.

It is crucial to note that the model confidence in this valuation is categorized as low, primarily due to the reliance on a single recent resale transaction in the vicinity. This lack of robust data can lead to volatility in pricing and uncertainty regarding future market performance. As the remaining lease diminishes, potential buyers may exhibit caution, weighing the balance between immediate investment opportunities and long-term asset security. In this context, while the property may appeal to certain buyers willing to pay a premium for location and amenities, the overall market sentiment suggests a need for careful consideration of lease longevity and surrounding market conditions.