3 Room (3NG) HDB for Sale in 204 Yishun Street 21

In this valuation report, we examine a 3-room HDB unit located in the vibrant Yishun district, which presents an intriguing case in the current property market landscape. The estimated value of the unit stands at $375,151, translating to a price per square foot (PSF) of $520. With a remaining lease of 57 years, this property is positioned within a competitive segment of the market, yet its valuation reflects a significant premium.

The market signal indicates that the property is valued 38.6% above the baseline, suggesting a robust demand despite the relatively lower confidence in the model, attributed to a limited dataset of only one recent HDB resale transaction in the vicinity. This disparity signals a potentially unique appeal for the property, possibly influenced by local amenities, connectivity, and the overall desirability of the Yishun area. As we navigate this dynamic real estate environment, it is essential to consider both the implications of the remaining lease and the broader market trends that may affect future valuations.