3-Room HDB for Room Rent: 131 Cashew Road

The HDB 3-room property located in Bukit Batok presents an estimated value of $59,276, translating to a price per square foot (PSF) of $456. With a remaining lease of 60 years, this valuation reflects the current market conditions which indicate a stable demand for HDB units in this precinct. Notably, the property’s estimated value shows a 0% difference from the baseline market price, suggesting that it is positioned at an equilibrium point amidst recent resale transactions.

The model confidence for this valuation is categorized as low, primarily due to the limited data pool, which is based on only two recent HDB resale transactions within the vicinity. This scarcity of comparable sales may contribute to fluctuations in perceived value, emphasizing the need for potential buyers to conduct thorough due diligence. In the context of Singapore's evolving real estate landscape, particularly with HDB properties, factors such as remaining lease length and localized market dynamics play a critical role in influencing buyer sentiment and investment decisions.