4-Room HDB for Room Rent: 447 Bright Hill Drive

The valuation of the 4-room HDB property located in Ang Mo Kio, with a remaining lease of 62 years, is estimated at $97,853, translating to a price per square foot (PSF) of $612. This valuation reflects a market price that shows no deviation from the baseline, indicating a stable demand within the HDB segment in this sought-after neighbourhood. The high model confidence rating is underpinned by a robust dataset, derived from 500 recent HDB resale transactions in the vicinity, ensuring that the valuation is grounded in current market realities.

The dynamics of the HDB leasehold market are crucial for potential buyers and investors. With a remaining lease of 62 years, this property remains competitive amidst newer developments. However, it is essential to note that properties with shorter remaining leases can face valuation challenges as they approach the 60-year mark, potentially impacting their appeal and resale value in the future. As such, the current valuation not only reflects the current market conditions but also signals the importance of lease duration in long-term investment strategies.