3 Room (3A) HDB for Rent in 603 Ang Mo Kio Avenue 5

In this report, we analyze the valuation of a 3-room HDB unit located in the desirable district of Ang Mo Kio, which carries a remaining lease of 53 years. The estimated market value of this property stands at $307,188, translating to a price per square foot (PSF) of $439. This valuation reflects a neutral market signal, with no significant deviation from the baseline, indicating a stable demand within the local real estate landscape.

However, it is crucial to note that the model confidence for this valuation is classified as low, primarily due to the limited data available, with only one recent HDB resale transaction in the vicinity serving as the basis for this analysis. Such a narrow dataset warrants caution, as it may not fully encapsulate the broader market dynamics and trends influencing property values in Ang Mo Kio. As the remaining lease diminishes, potential buyers may exhibit varying levels of interest, influenced by their perceptions of long-term investment viability and the socio-economic factors that shape the neighbourhood’s appeal.