3-Room HDB for Room Rent: 123 Yishun Street 11

The valuation of the HDB 3-room unit in Yishun, with a remaining lease of 57 years, reflects a robust market position, with an estimated value of $5,496, translating to approximately $500 per square foot (PSF). This valuation is underpinned by extensive market analysis, drawing from 491 recent HDB resale transactions in the vicinity, showcasing a strong baseline for comparison and a high level of model confidence. The alignment of the estimated value with the current market price indicates a stable demand for HDB properties in this area, suggesting that buyers are willing to transact at this price point without deviation.

In examining the lease dynamics, the remaining 57 years is a critical factor influencing buyer sentiment and investment potential. Properties with shorter remaining leases often encounter challenges in attracting buyers, yet this valuation demonstrates that the Yishun market remains resilient, even with a moderately aged lease. As such, the current pricing indicates that potential investors and homeowners recognize the intrinsic value of the location, community amenities, and overall potential for capital appreciation in the long term.