4-Room HDB for Room Rent: 116 Pending Road

The valuation of the 4-room HDB unit in Bukit Batok, with a remaining lease of 59 years, stands at an estimated value of $49,710, translating to a price per square foot (PSF) of $452. This valuation is indicative of a market that is currently stable, as evidenced by the 0% difference from the baseline market price. Such stability suggests that the property is aligning well with current buyer expectations and market conditions, despite the inherent challenges associated with a shorter lease period.

Moreover, the model confidence for this valuation is classified as low, which implies that the data supporting this estimate is limited and primarily derived from just two recent HDB resale transactions in the vicinity. The limited transactional data may restrict the robustness of market trends, making it imperative for potential buyers and investors to exercise caution. In this context, it is crucial to consider the broader market dynamics and the implications of the remaining lease on the property’s future value, particularly as lease decay begins to influence buyer sentiment in the coming years.