5-Room HDB for Room Rent: 863 Yishun Avenue 4

The valuation of the HDB 5 room property in Yishun, with a remaining lease of 61 years, is estimated at $84,066, translating to a price per square foot (PSF) of $467. This valuation reflects a market price that is on par with the baseline, indicating a stable demand in the vicinity. The absence of deviation from the baseline suggests a balanced market, where buyer sentiment and seller expectations are currently aligned.

However, it is essential to note that the model confidence for this valuation is classified as low, primarily due to the limited data set, which is based on only two recent HDB resale transactions in the area. This restriction may impact the robustness of the valuation, as the dynamic nature of the property market can lead to fluctuations based on various economic and social factors. In the context of the remaining lease of 61 years, potential buyers should weigh the implications of lease duration on future resale value and marketability, especially in a competitive landscape such as Singapore's housing market.