3-Room HDB for Room Rent: 121 Bedok Reservoir Road

The valuation of the HDB 3-room property in Bedok, with a remaining lease of 58 years, stands at an estimated value of $405,022, translating to a price per square foot (PSF) of $553. This valuation is indicative of the current market dynamics, where the assessed price aligns closely with the baseline, reflecting a 0% difference. Such stability in pricing may suggest a balanced demand and supply scenario in the Bedok area, particularly for HDB properties within this lease duration.

However, it is essential to note that the model confidence for this valuation is categorized as low. This indicates potential volatility or uncertainties in the market, possibly stemming from external economic factors or shifts in buyer preferences. The analysis is based on three recent HDB resale transactions in the vicinity, which provide a foundational benchmark for this valuation. Stakeholders should remain vigilant of market trends and changes in buyer sentiment, as they can significantly influence the resale value of properties, especially those with mid-range lease tenures like this HDB unit.