Cluster House for Room Rent: 323 Kew Crescent

The valuation of this HDB 4-room unit in Bedok, with a remaining lease of 69 years, stands at an estimated value of $160,799, translating to a price per square foot (PSF) of $643. This figure reflects a strategic positioning in the current market landscape, with the property priced at a baseline market value, resulting in a 0% deviation from the estimated market price. Such stability suggests a balanced demand and supply dynamic within the Bedok area, underpinned by consistent transactional activity.

The model confidence for this valuation is rated as high, bolstered by an analysis of 500 recent HDB resale transactions in the vicinity. This robust dataset enables a comprehensive understanding of market trends and buyer sentiment, which are critical in affirming the property’s market standing. As the remaining lease period is a significant factor influencing HDB valuations in Singapore, the 69-year lease offers a reasonable assurance of longevity in investment, appealing to both owner-occupiers and investors alike. In summary, this valuation encapsulates the resilience of the HDB market in Bedok, reinforcing its attractiveness as a desirable residential locale.