3 Room (3I) HDB for Sale in 30 New Upper Changi Road

This valuation report assesses a 3-room HDB property located in the vibrant Bedok area, boasting a remaining lease of 49 years. The estimated value of $289,494, translating to $414 per square foot, reflects a significant premium in the current market context. Notably, this valuation sits at a remarkable 33% above the baseline market value, indicating a strong demand for HDB properties in this locality. Such an elevated valuation is not merely a reflection of the property characteristics but also an indication of underlying market dynamics driving buyer interest in Bedok.

The high model confidence, based on a robust analysis of 451 recent HDB resale transactions in the vicinity, underscores the reliability of this valuation. Factors contributing to the above-market status include Bedok's strategic location, established amenities, and the overall appeal of HDB living in Singapore. As the remaining lease of 49 years still offers substantial tenure for potential buyers, the property presents an attractive investment opportunity. In summary, the valuation signals a resilient market where properties, particularly in sought-after neighborhoods, continue to command premium prices.