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

This valuation report focuses on a 2-room HDB unit located in the desirable Bedok district, with a remaining lease of 58 years. The estimated value stands at $83,244, translating to a price per square foot (PSF) of $555. Notably, the current market price reflects a 0% difference from the baseline, indicating stability in the pricing dynamics for HDB units in this vicinity. Such stability suggests a balanced demand and supply scenario, where potential buyers are willing to pay the baseline price, reflecting their confidence in the area's long-term value.

However, it is essential to note that the model confidence for this valuation is categorized as low, which could be attributed to various factors such as limited recent transactions or market fluctuations. This valuation is based on three recent resale transactions in the area, which may not provide a comprehensive view of the current market sentiment. As the remaining lease holds significant importance in HDB valuations, prospective buyers should carefully consider the implications of a 58-year lease on future resale potential and overall investment viability.