3-Room HDB for Room Rent: 118 Ang Mo Kio Avenue 4

The valuation of the 3-room HDB unit in Ang Mo Kio, with a remaining lease of 51 years, is assessed at an estimated value of $51,505, translating to a price per square foot (PSF) of $396. This valuation reflects a market price that shows zero percent deviation from the baseline, indicating a stable market condition for similar HDB properties in the vicinity. The utilization of four recent resale transactions within the area provides a foundational basis for this assessment, yet the model confidence remains low, suggesting that external market variables may have influenced recent pricing trends.

In the context of Singapore's dynamic real estate landscape, the remaining lease period of this HDB unit is a critical factor impacting its desirability and long-term investment potential. Properties with shorter remaining leases typically face a reduced buyer pool and may encounter challenges in financing. However, Ang Mo Kio is well-regarded for its connectivity and amenities, which may offset some of the lease duration concerns. As the market continues to evolve, potential buyers should weigh the implications of leasehold status against the backdrop of Ang Mo Kio's overall market resilience and ongoing urban development initiatives.