3-Room HDB for Room Rent: 418 Bedok North Avenue 2

The valuation of the HDB 3-room unit in Bedok, with a remaining lease of 51 years, stands at an estimated value of $67,649, translating to a price per square foot (PSF) of $451. This valuation reflects a market price which shows no deviation from the baseline, indicating a stable yet cautious sentiment within the current HDB resale market in the area.

It is essential to note that the model confidence for this valuation is classified as low, suggesting that while the estimate is grounded in the analysis of three recent HDB resale transactions nearby, market dynamics may introduce significant variability. The remaining lease of 51 years plays a critical role in influencing buyer sentiment, as properties with shorter leases often see diminished valuation and appeal. This scenario underscores the intricate balance between lease duration and market demand, which can significantly affect future resale opportunities and the overall investment potential of the unit.