4-Room HDB for Room Rent: 402 Fajar Road

The valuation of the HDB 4-room unit in Bukit Batok, with a remaining lease of 61 years, stands at an estimated value of $58,218, translating to a price per square foot (PSF) of $448. This valuation is particularly significant given the current market dynamics, as it reflects a market price that is in line with the baseline, indicating a stable demand and supply equilibrium in the area. The model confidence rating of 'High' further reinforces the reliability of this valuation, supported by a comprehensive analysis of 131 recent HDB resale transactions in the vicinity.

As we observe the market trends in Bukit Batok, it is noteworthy that the remaining lease of 61 years positions this property within a competitive segment of the HDB market. Properties with a lease tenure of over 60 years typically attract buyers who are seeking long-term residence or investment potential. This factor, combined with the zero percent variance from the baseline market price, suggests that the property is well-aligned with current market expectations and buyer sentiment. As such, potential buyers can view this valuation with confidence, considering the robust market signals and the enduring appeal of the Bukit Batok locale.