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 reflects a market signal indicating no deviation (0%) from the baseline, suggesting a stable pricing environment for similar properties in the area. The low model confidence associated with this estimate highlights the inherent uncertainties present in the current market dynamics, which may be influenced by various factors including demand fluctuations and leasehold considerations.

Analyzing the recent resale transactions in the vicinity, it is crucial to note that the three comparable sales have provided a foundation for this valuation. However, the low model confidence suggests that caution is warranted when interpreting these figures, as market conditions can shift rapidly. With a remaining lease of 50 years, potential buyers may weigh the implications of leasehold tenure more heavily in their decision-making process. As the market continues to evolve, this property’s valuation will need to be closely monitored to accurately reflect emerging trends and shifts in demand within the Ang Mo Kio precinct.