Master Room (HDB) for Rent in 116 Yishun Ring Road

The valuation of the 2-room HDB property in Yishun, with a remaining lease of 56 years, stands at an estimated value of $85,585, translating to a price per square foot (PSF) of $567. This valuation is derived from a comprehensive analysis of 124 recent resale transactions within the vicinity, ensuring a robust and data-driven approach. Given the current market condition, the property reflects a market price that is aligned with the baseline, indicating a stable demand and consistent buyer sentiment in this segment of the HDB market.

With a high model confidence level, this valuation underscores the resilience of properties in Yishun, particularly those with a moderate remaining lease. The 56-year tenure signals a balance between affordability and investment potential, catering to a diverse demographic of buyers ranging from first-time homeowners to investors looking for rental opportunities. The absence of deviation from baseline pricing suggests that the Yishun market remains competitive, with steady interest that could potentially enhance future valuation prospects as urban development and amenities continue to evolve in the area.