3-Room HDB for Room Rent: 117 Bedok Reservoir Road

The valuation of the HDB 3 Room unit in Bedok, with a remaining lease of 58 years, stands at an estimated value of $49,143, translating to a price per square foot (PSF) of $491. This assessment reflects a significant stability in the market, as the property showcases a market price that is aligned with the baseline, indicating a 0% variance. Such stability suggests that the local real estate landscape has maintained a consistent demand, with buyers expressing confidence in the HDB segment within this district.

Based on an analysis of 10 recent HDB resale transactions in the vicinity, the model confidence rating is deemed medium, indicating a fair degree of reliability in the valuation derived from current market conditions. The remaining lease of 58 years is a critical factor, as it presents potential buyers with a balanced opportunity to invest in a property that, while not at the tail end of its lease, still provides ample time for appreciation and utilization. The dynamics of the Bedok area, coupled with the ongoing demand for HDB units, suggest that such properties remain a viable option for both first-time buyers and seasoned investors seeking to capitalize on the stability inherent in Singapore's public housing market.