3-Room HDB for Room Rent: 216 Petir Road

The valuation of the 3-room HDB unit in Bukit Batok, with a remaining lease of 60 years, stands at approximately $47,508, translating to a price per square foot (PSF) of $475. This valuation reflects a stable market signal, indicating a 0% difference from the baseline price. Such stability suggests that the local market conditions are firmly balanced, with buyers and sellers aligning closely in their expectations, which is a positive indicator for potential investors and homeowners alike.

Analysis of 379 recent HDB resale transactions in the Bukit Batok vicinity further reinforces the model's high confidence level in this valuation. The prevailing market dynamics underscore the resilience of HDB properties in this area, particularly with a leasehold structure of 60 years, which, while not the longest, remains attractive given the neighborhood's amenities and accessibility. As the population in Singapore continues to grow, the demand for HDB properties, especially in well-established locales like Bukit Batok, is likely to sustain, thereby ensuring continued interest and stable prices in this market segment.