5 Room (5I) HDB for Sale in 299 Punggol Central

The valuation of the HDB 5 Room property in Punggol, with a remaining lease of 75 years, stands at an estimated value of $749,675, equating to $633 PSF. This pricing positions the property as a good deal, reflecting a 6.6% difference from the baseline. Such a valuation may be indicative of the current market dynamics in Punggol, a region known for its developing infrastructure and increasing desirability among homebuyers.

However, it is important to note that the model confidence for this valuation is classified as low, primarily due to the reliance on a singular recent HDB resale transaction in the vicinity. This limited data could suggest volatility or a lack of sufficient comparable sales to draw more definitive conclusions. As such, potential investors should exercise caution and consider broader market trends, including lease duration and community developments, which could significantly influence future property valuations in this burgeoning area of Singapore.