3 Room (3A) HDB for Sale in 616 Bedok Reservoir Road

The valuation of the HDB 3-room unit in Bedok, with a remaining lease of 54 years, stands at an estimated value of $359,664, translating to a price per square foot (PSF) of $491. This valuation reflects a market signal indicating that the property is priced above the market average by 21.8%, suggesting a premium positioning within the current HDB resale landscape. Such a significant deviation from the baseline value raises questions about the underlying factors driving this elevated valuation.

With the model confidence rated as low, it is crucial to approach this valuation with caution. The analysis is based on only two recent resale transactions in the vicinity, which may not provide a comprehensive view of the local market dynamics. Factors influencing this premium could include the property’s condition, proximity to amenities, or evolving neighborhood desirability. It is essential for potential buyers and investors to consider these elements in conjunction with the remaining lease duration, as properties with shorter leases often experience greater fluctuations in value, particularly in a competitive market like Singapore's.