3-Room HDB for Room Rent: 624 Ang Mo Kio Avenue 4

In the current valuation of the HDB 3-room unit located in the sought-after district of Ang Mo Kio, the estimated market value stands at $67,643, translating to a price per square foot (PSF) of $451. This valuation reflects a nuanced understanding of the local market dynamics, particularly given the property’s remaining lease of 53 years. As a key element in the assessment, the remaining lease impacts buyer sentiment and investment potential, as properties with shorter leases often face a steeper depreciation in value over time.

The market signal indicates a 0% difference from the baseline price, suggesting that the current valuation aligns closely with recent transaction trends in the vicinity. With only three recent HDB resale transactions serving as comparables, the model confidence is categorized as low. This indicates a need for caution, as the limited data set may not fully capture the fluctuations in demand and supply specific to Ang Mo Kio. Investors should remain vigilant regarding macroeconomic factors and local developments that could influence future valuations and rental yields in this vibrant neighborhood.