4 Room (4A) HDB for Rent in 116 Teck Whye Lane

The valuation of the HDB 4 Room unit in Bukit Batok, with a remaining lease of 61 years, stands at an estimated value of $518,159, translating to a price per square foot (PSF) of $467. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand within the local housing sector. The negligible difference from the baseline suggests that the property is positioned well within the current market dynamics, maintaining its appeal among prospective buyers.

However, it is important to note that the model confidence for this valuation is categorized as low, primarily due to the limited data set derived from only two recent HDB resale transactions in the vicinity. This low confidence level underscores the necessity for potential buyers to conduct thorough due diligence, considering the nuances of the local market and the implications of the remaining lease period. As the lease length diminishes, it may influence buyer sentiment and future valuations, making it crucial to assess the long-term investment potential of properties in this realm.