3 Room (3NG) HDB for Sale in 217 Bukit Batok Street 21

The valuation of the HDB 3-room unit in Bukit Batok, with a remaining lease of 57 years, stands at an estimated value of $335,767, translating to a robust $466 per square foot (PSF). This valuation is particularly noteworthy as it indicates a significant market signal, being positioned 27.5% above the baseline. Such a premium valuation reflects strong demand dynamics within the Bukit Batok area, driven by its strategic location and the availability of essential amenities.

Our analysis, grounded in data from 428 recent HDB resale transactions in the vicinity, indicates a high model confidence level in this valuation. This confidence is further supported by the increasing interest in HDB properties as an attractive option for both first-time buyers and investors seeking stable returns. The remaining lease of 57 years, while a factor to consider, is mitigated by the area's strong market fundamentals and the overall positive sentiment surrounding HDB living in Singapore. As such, this property exemplifies how local market conditions can significantly influence property valuations, maintaining an upward trajectory despite the remaining lease period.