Common Room (HDB) for Rent in 113 Bedok Reservoir Road

The valuation of the HDB 2 Room property in Bedok, with a remaining lease of 58 years, stands at an estimated value of $88,794, translating to a price per square foot (PSF) of $555. This figure indicates a stable market position, as it reflects a market price with a negligible 0% difference from the baseline. Such stability suggests that the property is well-aligned with current market sentiments, particularly in a region that has witnessed consistent demand for HDB units.

However, the model confidence for this valuation is categorized as low, which necessitates a cautious approach for potential buyers and investors. This low confidence level can be attributed to the limited dataset of three recent HDB resale transactions in the vicinity, which may not fully capture the broader market dynamics influencing property values in the area. As the remaining lease diminishes, potential buyers should consider the implications of leasehold tenures on future resale value and marketability, especially in a competitive landscape like Bedok, where demand for HDB properties is influenced by factors such as location, accessibility, and amenities.