5 Room (5A) HDB for Sale in 609 Bukit Panjang Ring Road

The valuation of the HDB 5-room unit located in Bukit Panjang, with an estimated value of $737,076 (equating to $623 PSF), reflects a nuanced understanding of the current market dynamics in the HDB resale landscape. With a remaining lease of 75 years, this property is positioned favorably within the long-term tenure spectrum, which is a critical factor for potential buyers valuing longevity and investment sustainability. The market signal indicates a 4.4% difference from the baseline, suggesting a moderate upward trend in pricing which could be influenced by factors such as demand in the area, ongoing developments, and the overall economic climate.

Analysis of the recent transactions, specifically the 8 HDB resale transactions in the vicinity, lends credence to the estimated valuation, providing a reliable benchmark in assessing market sentiment. The model confidence is rated as medium, highlighting the need for prospective buyers to consider broader market trends and individual property nuances. As Bukit Panjang continues to evolve as a desirable residential locale, characterized by its accessibility and community amenities, this valuation encapsulates both the current market pulse and the intrinsic value of a well-maintained HDB unit in a thriving district.