3-Room HDB for Room Rent: 119 Ang Mo Kio Avenue 3

The valuation of the HDB 3-room property located in Ang Mo Kio, with a remaining lease of 50 years, stands at an estimated value of $55,711, translating to a price per square foot (PSF) of $429. This valuation is particularly noteworthy as it reflects a market price that is consistent with the baseline, indicating a stable demand within this segment of the housing market. Such stability is a testament to the enduring appeal of Ang Mo Kio as a mature residential estate, characterized by its vibrant community amenities and accessibility to public transport.

However, it is essential to highlight that the model confidence for this valuation is categorized as low. This suggests that the estimate may be subject to fluctuations due to various factors, including prevailing market conditions and the limited number of comparable recent resale transactions, which amounted to only three in the vicinity. As such, potential buyers and investors should approach this valuation with caution, considering the implications of the remaining lease on long-term investment viability and the potential for capital appreciation in a market that is increasingly sensitive to leasehold dynamics.