3 Room (3NG) HDB for Rent in 242 Bukit Batok East Avenue 5

This valuation report focuses on a 3-room HDB unit located in Bukit Batok, which currently has a remaining lease of 57 years. The estimated value of the property is pegged at $348,962, translating to a price per square foot (PSF) of $470. Notably, this valuation reflects a market price that shows no deviation from the baseline, indicating a stable demand within the local property landscape. The consistency in pricing suggests that the Bukit Batok area retains a robust appeal among homebuyers, despite the diminishing lease period.

It is important to consider that the model confidence for this valuation is categorized as low, which underscores the necessity for cautious interpretation of the findings. This valuation is derived from an analysis of four recent HDB resale transactions within the vicinity, thereby allowing for a comparative assessment. However, the limited dataset may not fully capture the nuances of market dynamics, which are influenced by various external factors such as economic conditions, buyer sentiment, and changing demographics. As the remaining lease of the property progresses, prospective investors should be aware of the potential impacts on future resale value and demand.