5 Room (5I) HDB for Rent in 502B Yishun Street 51

This HDB 5 Room property located in Yishun, with a remaining lease of 89 years, presents an estimated value of $824,662, translating to a price per square foot (PSF) of $684. The valuation reflects a market price that is consistent with the baseline, indicating a stable demand in the vicinity, albeit with a noted lack of upward momentum. This stability suggests that buyers are currently aligning their expectations with the prevailing market conditions, which may be influenced by broader economic factors and buyer sentiment.

It is crucial to highlight the model confidence level, which is categorized as low. This indicates that while the valuation is supported by five recent HDB resale transactions in the area, the fluctuations in market dynamics could impact the accuracy of the projected value. Investors and homeowners should be cognizant of the potential for variability in the market, particularly given the long remaining lease. The longevity of the lease is a critical factor, as it assures buyers of future habitation viability, yet the low confidence in the model suggests that shifts in the local real estate landscape or economic conditions could affect future valuations.