3 Room (3NG) HDB for Rent in 529 Bedok North Street 3

This valuation report focuses on a HDB 3-room property located in the highly sought-after Bedok area, with a remaining lease of 52 years. The estimated value of the property is pegged at $293,297, translating to a price per square foot (PSF) of $419. Notably, the market signal indicates a stable pricing environment, showcasing a 0% difference from the baseline, which suggests that the current demand and supply dynamics are effectively balanced. This stability is further corroborated by recent resale transactions in the vicinity, providing a reliable foundation for our valuation.

However, it is crucial to note that the model confidence for this valuation is classified as low, indicating a degree of uncertainty in the data. This could be attributed to the limited sample size of only six recent HDB resale transactions used for comparative analysis. While the resilience of the Bedok property market is evident, potential buyers should remain cautious, particularly considering the implications of the remaining lease on long-term investment value. The interplay between lease duration and market demand will continue to be a pivotal factor influencing property desirability in this region.