5 Room (5I) HDB for Sale in 116 Edgefield Plains

The valuation of the HDB 5-room property located in Punggol, with a remaining lease of 74 years, stands at an estimated value of $661,188, translating to a price per square foot (PSF) of $549. This valuation reflects a market price that is 3.5% above the baseline, indicative of a modest upward trend in the local HDB market. Such a premium suggests a growing demand for residential properties in the Punggol area, which is known for its family-friendly amenities and rapidly developing infrastructure.

However, it is essential to note that the model confidence for this valuation is categorized as low, primarily due to the reliance on a limited dataset comprising only one recent HDB resale transaction in the vicinity. This lack of comprehensive data may lead to fluctuations in the perceived value, given the inherent variability of the housing market. As Punggol continues to evolve as a desirable residential hub, future transactions could provide more robust insights into market dynamics and the impact of lease tenure on property values.