3-Room HDB for Room Rent: 215 Bukit Batok Street 21

The valuation of the HDB 3-room unit located in Bukit Batok, with a remaining lease of 57 years, has been estimated at $72,057 or $480 PSF. This valuation reflects a market price that shows no significant deviation from the baseline, indicating a stable demand and supply equilibrium in the current HDB market. The low confidence level associated with this model suggests that market dynamics may be influenced by broader economic factors or local developments that have not yet been fully accounted for in the valuation model.

Analyzing recent resale transactions in the vicinity, it becomes evident that the Bukit Batok area is experiencing a period of consolidation, where prices remain consistent despite the challenges presented by a remaining lease of just over five decades. This stability can be attributed to several factors:

• Location Advantages: Bukit Batok is well-regarded for its accessibility and community amenities, ensuring continued interest among potential buyers.
• Market Sentiment: The absence of price fluctuations suggests that buyers are confident in the long-term value of properties in the area, despite the limited lease duration.
• Resale Activity: The model's reliance on only five recent transactions indicates a potentially limited market for comparable units, which may skew the confidence level of the valuation.

In conclusion, while the valuation presents a solid baseline, potential investors should consider the implications of the remaining lease period and market dynamics when assessing the long-term viability of this HDB unit as an investment.