3 Room (3NG) HDB for Rent in 609 Bedok Reservoir Road

The valuation of the HDB 3-room unit in Bedok, with a remaining lease of 55 years, stands at an estimated value of $362,516, translating to a price per square foot of $453. This valuation reflects a market price that is stable and shows no deviation from the baseline, indicating a balanced demand and supply scenario in this specific segment of the HDB market. The consistency in pricing suggests that buyers and sellers are aligned in their expectations, which often signals a mature market where pricing is influenced by established trends rather than speculative fluctuations.

However, it is essential to note that the model confidence for this valuation is classified as low, primarily influenced by the limited dataset derived from only four recent HDB resale transactions in the vicinity. Such a small sample size can lead to variances in valuation accuracy and may not fully capture the nuances of the local market dynamics. As the remaining lease spans 55 years, potential buyers should also consider the implications of lease duration on long-term investment value, as properties with shorter leases often face increased scrutiny in resale conditions. Overall, while the valuation remains stable, prospective investors should remain vigilant and conduct thorough due diligence in a market that is continually evolving.