4 Room (4NG) HDB for Sale in 512 Bedok North Avenue 2

This valuation report presents an analytical overview of a HDB 4-room unit located in the highly sought-after Bedok area, with a remaining lease of 51 years. The estimated value of the property is pegged at $407,673, translating to a price per square foot of $412. This valuation is indicative of a robust market performance, as it reflects a significant premium, being 37.4% above the baseline market value for similar properties in the vicinity.

The model confidence for this valuation is rated as high, bolstered by a comprehensive analysis of 202 recent HDB resale transactions in the area. The above-market valuation signals a strong demand for HDB units in Bedok, driven by various factors such as favorable location, accessibility to amenities, and the overall desirability of the neighborhood. As the remaining lease period stands at 51 years, it is crucial for potential buyers to consider the implications of lease decay and its impact on future resale value. However, the current market dynamics suggest that this property is positioned well within a thriving real estate landscape.