3 Room (3NG) HDB for Sale in 218 Bedok North Street 1

The valuation of the HDB 3-room unit in Bedok, with a remaining lease of 52 years, has been assessed at an estimated value of $326,175, translating to a price per square foot (PSF) of $446. This valuation is notably above the prevailing market baseline, reflecting a significant 38% premium. Such a discrepancy indicates a strong demand for properties in this location, despite the relatively shorter lease term. Buyers may be drawn to the area’s inherent advantages, including accessibility, amenities, and community vibrancy, which often justify the elevated pricing.

However, it is crucial to note that the model confidence for this valuation is classified as low, primarily due to the limited data set available, with only two recent resale transactions in the vicinity informing this analysis. This scarcity of comparable sales could imply that market conditions are fluid, and the demand dynamics can shift rapidly. Potential investors and homeowners should consider these factors carefully, particularly the implications of the remaining lease length on future resale opportunities and value appreciation.