3 Room (3I) HDB for Sale in 502 Bedok North Street 3

The valuation of the HDB 3-room unit in Bedok, with a remaining lease of 50 years, has been set at an estimated value of $260,600, equating to $410 PSF. This valuation comes amidst a notable market signal indicating that the property is above the prevailing market rate, with a significant 56.6% deviation from the baseline. Such a substantial premium suggests a robust demand for housing in this area, which may stem from Bedok's strategic location, established amenities, and favorable transport links.

However, it is essential to note that the model confidence for this valuation is categorized as low, reflecting potential volatility in the market dynamics and the limited data available from only two recent HDB resale transactions in the vicinity. This uncertainty underscores the importance of considering the implications of the remaining lease period on long-term investment value. As HDB properties with shorter leases often face diminishing buyer interest over time, prospective investors should weigh the current valuation against the property’s future resale potential carefully.