3 Room (3NG) HDB for Sale in 710 Yishun Avenue 5

This valuation report focuses on a 3-room HDB property located in the vibrant district of Yishun, which currently boasts a remaining lease of 57 years. The estimated value of this unit stands at $365,204, translating to an impressive $500 per square foot (PSF). Notably, this valuation is positioned significantly above the market baseline, reflecting a 20.5% premium compared to similar properties in the vicinity. Such a disparity in valuation indicates a robust demand for HDB properties in Yishun, particularly among buyers seeking quality living spaces in well-connected neighbourhoods.

The model confidence for this valuation is classified as high, which is underpinned by an extensive analysis of 491 recent HDB resale transactions in the surrounding area. This data lends credibility to the valuation, suggesting that the premium is not merely speculative but rather a reflection of the current market dynamics. Factors contributing to this elevated value may include the neighbourhood's strategic location, access to amenities, and the ongoing development initiatives in Yishun, which continue to enhance its appeal as a desirable residential hub.