3-Room HDB for Room Rent: 123 Pending Road

The valuation of the HDB 3-room property in Bukit Batok, with a remaining lease of 59 years, stands at an estimated value of $70,073, translating to a price per square foot (PSF) of $467. This valuation reflects a stable market condition, as evidenced by a market price that shows a 0% difference from the baseline. Such stability indicates a well-balanced demand and supply equilibrium in the Bukit Batok area, where recent trends suggest a consistent interest in HDB properties, particularly among first-time homebuyers and investors.

Furthermore, the model confidence is rated as high, bolstered by comprehensive analysis based on 384 recent HDB resale transactions within the vicinity. This robust dataset provides a reliable foundation for the valuation, ensuring that the estimated price aligns closely with current market dynamics. As the remaining lease is a significant consideration for potential buyers, the 59-year tenure offers a balanced opportunity for long-term residence or investment, making it an attractive proposition within the current HDB landscape.