3-Room HDB for Room Rent: 21 Chai Chee Road

The valuation of the HDB 3 Room unit in Bedok, with a remaining lease of 45 years, stands at an estimated value of $69,290, translating to a price per square foot (PSF) of $346. This valuation reflects a market price that is in alignment with the baseline, indicating a neutral market signal. Such stability suggests that while there may not be significant upward or downward trends currently, the property remains competitively positioned within the local HDB market. The low model confidence, however, underscores the need for caution, as it points to potential variability in the data and market dynamics.

Analyzing the surrounding area, this valuation is derived from three recent HDB resale transactions, which serve as benchmarks for estimating the current market conditions. The remaining lease of 45 years is a critical factor, influencing buyer sentiment and investment decisions. As leasehold properties age, their value can be impacted by the remaining lease duration, leading to a more cautious approach from potential buyers. In this context, the Bedok HDB market reflects a blend of stability and uncertainty, warranting a meticulous approach for both investors and homeowners looking to navigate this segment.