5 Room (5STD) HDB for Rent in 12 North Bridge Road

The valuation of the HDB 5-room unit located in the Central Area reveals an estimated value of $159,168, translating to a price per square foot (PSF) of $796. With a remaining lease of 48 years, this property presents a unique opportunity within a highly sought-after locale, where the demand for housing continues to be robust. The valuation reflects a market price that is in alignment with the baseline, indicating a stable market dynamic and suggesting that the property is priced competitively in its category.

Analyzing the recent market activity, our model draws confidence from 43 recent HDB resale transactions in the vicinity, which corroborate the high confidence level in the estimate. The Central Area remains a vibrant hub, attracting both local and expatriate interest, thus maintaining a steady demand for HDB units. The current valuation signals that buyers are willing to invest in properties with longer remaining leases, particularly in prime locations, reinforcing the notion that such investments are expected to appreciate over time despite the diminishing lease. As the market evolves, monitoring lease decay and its impact on value will be crucial for stakeholders.