4-Room HDB for Room Rent: 447 Bright Hill Drive

This analytical summary assesses the valuation of a 4-room HDB unit located in the highly sought-after district of Ang Mo Kio, with a remaining lease of 62 years. The estimated value of this property stands at $100,174, translating to a price per square foot (PSF) of $626. This valuation reflects a significant market signal, indicating a 0% deviation from the baseline, which suggests a stable pricing environment for similar properties in the area.

The model's high confidence level is derived from a robust dataset comprising 500 recent HDB resale transactions in the vicinity. This extensive analysis underscores the resilience of the Ang Mo Kio market, particularly given the relatively long remaining lease of this property. Investors and homeowners should consider the implications of lease duration on value retention and future resale potential, as properties with longer leases typically command more robust market interest. The data indicates a balanced market dynamics, ensuring that this HDB unit is positioned competitively within the current landscape.