Room (HDB) for Rent in 219 Petir Road

This report presents a comprehensive valuation for a 2-room HDB unit located in the sought-after area of Bukit Batok, characterized by a remaining lease of 75 years. The estimated value of this property stands at $79,746, translating to $797 per square foot (PSF). The valuation reflects a market price that is aligned with the baseline, indicating a stable pricing environment for similar properties within the vicinity. Such equilibrium in market pricing suggests resilience in demand and a balanced supply, reinforcing the attractiveness of Bukit Batok as a desirable residential locale.

Our analysis is grounded on extensive data, incorporating insights from 190 recent HDB resale transactions in the surrounding area. The high model confidence associated with this valuation underscores the reliability of our findings and the robustness of the underlying data. As we observe the dynamics of the HDB market, the enduring lease of 75 years plays a pivotal role in maintaining property value, particularly as buyers increasingly prioritize long-term investment viability. Therefore, this property not only represents a practical living choice but also signals a strategic investment opportunity in Singapore's evolving real estate landscape.