4-Room HDB for Room Rent: 204 Yishun Street 21

The valuation of the 4-room HDB unit in Yishun, with a remaining lease of 57 years, stands at an estimated value of $111,175, translating to a price per square foot (PSF) of $445. This valuation is particularly noteworthy as it reflects a market price that is perfectly aligned with the baseline, indicating a stable and balanced market condition for HDB properties within this locality. The consistency in pricing suggests a robust demand for HDB units in Yishun, counterbalanced by a controlled supply, which is a positive signal for potential buyers and investors alike.

Our analysis is bolstered by a solid foundation of data, derived from 177 recent HDB resale transactions in the vicinity. This extensive dataset lends a high degree of confidence to our model, affirming the intrinsic value of this property. As Singapore’s housing market continues to evolve, properties with a remaining lease of over 50 years, like this unit, tend to maintain their value, especially in regions such as Yishun, which is experiencing increased interest from both families and investors. The stability in the current market price, coupled with the high model confidence, underscores the favorable conditions for prospective buyers considering this HDB unit.