5-Room HDB for Room Rent: 121 Teck Whye Lane

HELIOS AI Analysis

<p>This valuation report focuses on a 5-room HDB unit located in the well-established neighborhood of Bukit Batok, which currently has a remaining lease of 61 years. The estimated value of this property stands at <strong>$112,573</strong>, translating to a price per square foot (PSF) of <strong>$563</strong>. Notably, this valuation is aligned with the current market price, indicating a <strong>0% difference from the baseline</strong>. Such stability in pricing reflects a balanced demand and supply dynamic in the Bukit Batok area, which is characterized by its appeal to families and professionals seeking well-connected housing options.</p> <p>The model confidence for this valuation is classified as <strong>high</strong>, bolstered by an analysis of <strong>500 recent HDB resale transactions</strong> in the vicinity. This extensive dataset provides a robust foundation for understanding local market trends and the factors influencing property values. With Singapore's housing market continuing to evolve, the remaining lease of 61 years presents a compelling aspect for potential buyers, as properties with longer leases generally attract a wider pool of interest. In summary, this HDB valuation underscores a resilient market position for the Bukit Batok region, with favorable conditions supporting the estimated value of this property.</p>