3-Room HDB for Room Rent: 119 Ang Mo Kio Avenue 3

The valuation of the HDB 3 Room unit in Ang Mo Kio, with a remaining lease of 50 years, stands at an estimated value of $52,970, translating to a price per square foot (PSF) of $441. This valuation reflects a market price that is aligned with the baseline, indicating a 0% difference. Such equilibrium suggests that the property is currently well-positioned in the market, neither overvalued nor undervalued based on recent comparable sales.

However, the model confidence associated with this valuation is categorized as low, which warrants a cautious approach for potential buyers and investors. The assessment is derived from only four recent HDB resale transactions in the vicinity, which may not provide a sufficiently robust dataset to draw definitive conclusions about market trends or property demand. Given the property’s remaining lease of 50 years, prospective buyers may also need to consider the implications of lease decay on future resale value and investment potential.