3 Room (3NG) HDB for Rent in 505 Ang Mo Kio Avenue 8

The valuation of the 3-room HDB property located in Ang Mo Kio, with a remaining lease of 53 years, stands at an estimated value of $328,594, translating to a price per square foot (PSF) of $450. This valuation reflects a market price that indicates no deviation from the baseline, suggesting a stable demand within the local real estate landscape. The HDB market in Ang Mo Kio has shown resilience, with recent transactions indicating a consistent pricing trend, which is crucial for potential buyers and investors evaluating the area.

However, it is important to note that the model confidence in this valuation is categorized as low, indicating a higher degree of uncertainty. This assessment is based on only two recent HDB resale transactions in the vicinity, which may not provide a comprehensive view of market dynamics. Factors such as macroeconomic conditions, buyer sentiment, and the remaining lease duration significantly influence the market's perception of value. As such, prospective buyers should exercise caution and consider comprehensive market analyses when engaging in transactions within this segment.