4-Room HDB for Room Rent: 603C Punggol Road

The valuation of the 4-room HDB unit in Punggol, with an estimated value of $150,911, or $755 per square foot, reflects a well-balanced market condition, as indicated by a 0% difference from the baseline. This assessment is underpinned by a robust database of 207 recent HDB resale transactions in the vicinity, which provides a comprehensive basis for the current market dynamics. The high model confidence further corroborates the accuracy of this valuation, suggesting that both buyer and seller expectations are aligned in this segment of the market.

Punggol, a rapidly developing area, continues to attract interest due to its strategic location and the appeal of its amenities. The remaining lease of 85 years on the HDB unit offers a significant buffer for potential buyers, ensuring that the property remains a viable long-term investment. As market conditions stabilize, this valuation highlights the resilience of the HDB market in Punggol, indicating a steady demand that is likely to persist as urban development continues to evolve in this vibrant district.