3 Room (3NG) HDB for Sale in 646 Ang Mo Kio Avenue 6

This valuation report presents an in-depth analysis of the HDB 3-room property located in Ang Mo Kio, which has a remaining lease of 53 years. The estimated market value of $348,300, translating to approximately $432 per square foot (PSF), indicates a significant premium over the baseline market rates. With a market signal reflecting an above-market positioning by 32.1%, this property showcases strong demand dynamics and an appealing investment opportunity for prospective buyers.

Our analysis, grounded in a robust dataset of 401 recent HDB resale transactions in the vicinity, demonstrates high model confidence in this valuation. The elevated value can be attributed to several factors, including the strategic location of Ang Mo Kio, which is well-connected and offers a plethora of amenities, thereby enhancing the desirability of the area. Additionally, the remaining lease of 53 years, while slightly below the average for HDB properties, still affords potential owners a substantial duration of tenancy, further supporting the optimistic market signal and heightened demand for this listing.