4-Room HDB for Room Rent: 196B Punggol Field

The valuation of the HDB 4 Room property in Punggol, with a remaining lease of 74 years, is estimated at $128,861 or $644 PSF. This valuation reflects a stable market price, showing a 0% difference from the baseline, indicating that the property is currently aligned with market expectations. Such a scenario suggests that the property is neither undervalued nor overvalued, which could be indicative of a balanced supply and demand dynamic in the Punggol area.

However, it is crucial to note that the model confidence for this valuation is categorized as low, primarily due to the reliance on a single recent resale transaction within the vicinity. This limited data point may not adequately capture the broader market trends or the unique characteristics that could influence property values. Furthermore, with a remaining lease of 74 years, potential buyers should consider the implications of lease decay on future resale opportunities. As Punggol continues to develop as a vibrant residential hub, ongoing assessments of market conditions and transaction volumes will be essential for accurate property valuation in this evolving district.