5-Room HDB for Room Rent: 367 Yishun Ring Road

The valuation of the HDB 5-room unit in Yishun, with a remaining lease of 60 years, is estimated at $53,076, translating to a price per square foot of $442. This valuation reflects a significant market stability, as indicated by a 0% difference from the baseline market price. The model confidence level is categorized as high, supported by an analysis of 217 recent HDB resale transactions within the vicinity, providing a robust foundation for the current estimate.

Yishun has demonstrated resilience in its property market, characterized by steady demand and a consistent supply of HDB units. The remaining lease of 60 years positions this property strategically within the broader market dynamics, as buyers increasingly seek homes with longer leases to mitigate depreciation risks. This valuation not only underscores the attractiveness of Yishun as a residential locale but also highlights the importance of lease duration in influencing buyer sentiment and market activity in the HDB sector.