4-Room HDB for Room Rent: 421 Bedok North Road

The valuation of the HDB 4-room unit in Bedok, with a remaining lease of 51 years, stands at an estimated value of $66,575, translating to a price per square foot (PSF) of $444. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand for HDB properties in the area. The proximity to essential amenities and transportation links in Bedok continues to support the attractiveness of this segment, despite the relatively lower confidence in the valuation model, which is classified as low based on the limited data set of five recent resale transactions.

In assessing the broader market dynamics, it is essential to consider the implications of the remaining lease on the property’s value. As the lease approaches its midpoint, buyers may exhibit caution, potentially impacting resale opportunities in the future. Furthermore, the low model confidence suggests that fluctuations in market sentiment could lead to volatility in HDB prices. Nevertheless, the stable baseline value indicates that Bedok remains a desirable location for homebuyers, driven by its strategic position within Singapore's urban landscape.