4 Room (4S) HDB for Sale in 612 Yishun Street 61

The valuation of the 4-room HDB unit in Yishun, with a remaining lease of 59 years, has been estimated at $454,680, translating to a price per square foot of $509. This valuation stands at a notable 21% above the baseline market price, indicating a potential premium due to specific locational advantages or unique property features that have not been fully captured by the broader market. The combination of a relatively long remaining lease and the specific characteristics of the unit could be contributing to this elevated valuation.

However, it is essential to note that the model confidence for this valuation is categorized as low, primarily due to reliance on only two recent HDB resale transactions within the vicinity. This limited data set may not fully encapsulate the current market dynamics, which can be influenced by factors such as changes in buyer sentiment, fluctuations in supply, and broader economic conditions. As the property market in Singapore continues to evolve, stakeholders should remain vigilant, considering both the inherent value of the property and the shifting landscape of HDB transactions.