3 Room (3NG) HDB for Sale in 528 Bedok North Street 3

This valuation report evaluates a 3-room HDB flat located in the vibrant neighborhood of Bedok, with a remaining lease of 52 years. The estimated value of the property stands at $316,566, translating to $439 per square foot (PSF). Notably, this valuation is positioned significantly above the current market baseline, demonstrating a remarkable 37.4% premium over comparative properties in the area. Such a premium is indicative of heightened demand and competitive bidding among buyers, driven by the desirable location and amenities that Bedok offers.

The model’s confidence in this valuation is classified as high, supported by a comprehensive analysis of 452 recent HDB resale transactions in the vicinity. This robust dataset ensures that the valuation reflects current market dynamics, including buyer sentiment and socio-economic factors influencing property desirability in Bedok. With the remaining lease of 52 years, potential buyers are encouraged to consider the long-term implications of HDB leasehold properties, especially in a market where value appreciation is closely tied to the remaining lease duration and overall area development. The resilience of the Bedok property market remains strong, making this investment a noteworthy consideration for prospective homeowners and investors alike.