3 Room (3A) HDB for Sale in 806 Yishun Ring Road

This valuation report focuses on a 3-room HDB unit located in Yishun, which possesses a remaining lease of 60 years. The estimated value of the property stands at $407,246, translating to a price per square foot (PSF) of $512. Notably, this valuation is positioned above the market baseline by 13%, indicating a significant premium in comparison to similar properties within the vicinity. This upward valuation suggests that the unit may be benefiting from unique characteristics or heightened demand, which may not be fully captured by the recent market trends.

The model confidence for this valuation is categorized as low, derived from the analysis of only five recent HDB resale transactions in the area. Such a limited dataset can lead to potential volatility in valuation accuracy, particularly in a market influenced by fluctuating buyer preferences and external economic factors. This underscores the importance of considering broader market dynamics, including current buyer sentiment and the overall supply-demand equilibrium in Yishun, as these elements play a crucial role in determining the long-term value retention of HDB properties with a remaining lease of 60 years.