4-Room HDB for Room Rent: 259B Punggol Field

The valuation of the 4-room HDB unit in Punggol, with a remaining lease of 89 years, stands at an estimated value of $111,133, translating to a price per square foot (PSF) of $741. This valuation reflects a market price that shows no deviation from the baseline, indicating a stable demand for properties in this area. The Punggol region has seen a gradual but steady appreciation in property values, driven by its strategic location and ongoing developments aimed at enhancing the living environment.

However, the model confidence for this valuation is categorized as low, primarily due to the limited data set, having based the analysis on just two recent HDB resale transactions in the vicinity. This scarcity of transactions can lead to fluctuations in market sentiment, which may not fully capture the broader market dynamics at play. As Punggol continues to evolve as a residential hub, potential buyers and investors should remain vigilant of market trends, as they could signal shifts in pricing or demand that may impact future valuations.