5 Room (5I) HDB for Sale in 704 Woodlands Drive 40

The valuation of the HDB 5 Room unit located in Woodlands, with a remaining lease of 68 years, stands at an estimated value of $630,217, translating to approximately $496 PSF. This valuation positions the property above the current market baseline by 7.9%, indicating a robust demand for HDB properties in this region. Such a premium suggests that buyers are willing to pay a higher price for this unit, likely due to its strategic location and the amenities offered in the Woodlands area.

The model confidence rating for this valuation is classified as high, supported by comprehensive analysis of 215 recent HDB resale transactions in the vicinity. This extensive data set enhances the reliability of the valuation, reflecting current market dynamics and buyer sentiment. The strong performance of this property amidst a backdrop of varying lease tenures also underscores the significance of location and remaining lease in influencing buyer decisions in Singapore's competitive real estate market.