2 Room (2I) HDB for Rent in 620 Bedok Reservoir Road

The valuation of the HDB 2-room unit in Bedok, with an estimated value of $252,406 and a price per square foot (PSF) of $522, reflects the current market dynamics within the area. With a remaining lease of 54 years, this property presents a unique opportunity for potential buyers who are keen to invest in a well-established neighborhood. The analysis of seven recent HDB resale transactions in the vicinity indicates stability in pricing, resulting in a market signal that shows a 0% difference from the baseline. This consistency suggests that the property is fairly priced in accordance with current market standards.

However, it is essential to note that the model confidence for this valuation is categorized as low. This indicates that while the available data provides a basis for the estimated value, market fluctuations and external economic factors could impact future pricing. Buyers should consider the implications of the remaining lease, as properties with shorter leases may face decreasing demand over time. Therefore, while this HDB unit in Bedok stands as an attractive option in a robust market, prospective investors should remain cautious and informed about the evolving landscape of Singapore’s real estate sector.