4 Room (4NG) HDB for Sale in 219 Yishun Street 21

The valuation of the HDB 4-room unit in Yishun, with a remaining lease of 57 years, stands at an estimated value of $468,992, translating to an average price per square foot (PSF) of $445. This valuation is notably above market expectations, reflecting a 19% premium when compared to the baseline established by recent transactions in the area. Such an elevated market signal indicates a growing demand for HDB properties within this precinct, driven by factors such as proximity to amenities and transportation links that enhance the overall living experience.

However, it is essential to note that the model confidence in this valuation is classified as low, primarily due to the limited data set, with only two recent HDB resale transactions available for analysis in the vicinity. This scarcity of comparable sales can lead to fluctuations in perceived value, making it crucial for potential buyers and investors to conduct a comprehensive market assessment before committing to a purchase. The dynamics of the local real estate market, coupled with the remaining lease duration, will play a significant role in determining the long-term viability of this investment.