4-Room HDB for Room Rent: 639 Yishun Street 61

The valuation of this 4-room HDB unit in Yishun, with a remaining lease of 59 years, stands at an estimated value of $38,102, translating to a price per square foot (PSF) of $476. This valuation reflects a stable market signal, exhibiting a 0% difference from the baseline price, indicating a balanced demand and supply scenario within the local real estate landscape. Such stability is particularly significant in the context of Singapore’s dynamic property market, where fluctuations can often be pronounced.

Our analysis is underpinned by a robust dataset, drawn from 486 recent HDB resale transactions within the vicinity, which bolsters our confidence in this valuation with a high model confidence rating. The remaining lease of 59 years is a critical factor in the valuation, as it aligns with the typical expectations of buyers in the HDB segment, who often seek units with a substantial remaining lease to mitigate any concerns regarding future lease decay. As Yishun continues to develop and attract residents, this property stands as an intriguing option for potential buyers who are looking for a blend of affordability and longevity in their investment.