3-Room HDB for Room Rent: 116 Pending Road

The valuation of the HDB 3-room unit in Bukit Batok, with a remaining lease of 59 years, stands at an estimated value of $367,800, translating to a price per square foot (PSF) of $468. This valuation is particularly noteworthy given that it reflects a stable market price, showing a 0% difference from the baseline. Such consistency in pricing suggests a balanced demand and supply dynamic within the Bukit Batok area, indicating that buyers are willing to meet the current pricing expectations for properties of this type.

With a model confidence level classified as high and based on a robust analysis of 378 recent HDB resale transactions in the vicinity, this valuation is underpinned by strong market signals. The remaining lease of 59 years plays a critical role in determining the property’s appeal, as it provides prospective buyers with a reasonable timeframe for occupancy while ensuring potential appreciation in value over the lease term. As the market continues to evolve, this property exemplifies the stability and demand characteristics that define the HDB landscape in Singapore.