3-Room HDB for Room Rent: 784 Yishun Avenue 2

The valuation of the HDB 3-room unit in Yishun, with a remaining lease of 59 years, stands at an estimated value of $73,663, translating to a price per square foot (PSF) of $491. This valuation indicates a market price that is consistent with the baseline, reflecting a 0% difference. Such stability suggests a balanced demand and supply dynamic in the Yishun area, although it is essential to note that this estimated value is derived from a limited dataset, with only one recent resale transaction in the vicinity to inform this analysis.

Given the remaining lease term, potential buyers may view this property through a lens of cautious optimism. The low model confidence rating underscores the necessity for further market observation, as the limited transactional data may not adequately capture the broader market trends or sentiments prevalent in the area. Investors and homeowners alike should consider the implications of lease duration on future resale potential, particularly in a market where leasehold properties are often scrutinized for their investment viability.