5-Room HDB for Room Rent: 657 Yishun Avenue 4

The current valuation of the 5-room HDB unit in Yishun, with a remaining lease of 59 years, is estimated at $57,506 or $479 PSF. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand for HDB properties in the area. With the absence of any significant deviation from the baseline, it suggests that the market conditions are relatively balanced, with neither buyers nor sellers exerting undue pressure on pricing.

However, it is important to note that the model confidence for this valuation is classified as low, primarily due to the limited data comprising only two recent resale transactions in the vicinity. This scarcity of comparable sales may indicate a lack of liquidity in the market, which can lead to fluctuations in property values. The remaining lease of 59 years also plays a crucial role in the attractiveness of this property; as HDB lease tenure shortens, buyer sentiment can be affected, particularly among those concerned about long-term investment viability.