3 Room (3NG) HDB for Sale in 423 Bedok North Avenue 1

This valuation report presents an analytical overview of a 3-room HDB unit located in the desirable Bedok region, with a remaining lease of 51 years. The estimated market value of the property is pegged at $308,628, translating to a price per square foot (PSF) of $430. This valuation indicates a significant premium in the market, as it sits 24.7% above the baseline valuation derived from local comparables.

The assessed value is underpinned by robust market dynamics, with a high model confidence level attributed to the analysis of 451 recent HDB resale transactions in close proximity. The elevated valuation signals a strong demand for HDB units in Bedok, likely driven by its strategic location, accessibility to amenities, and the overall desirability of the neighbourhood. As the remaining lease term stands at 51 years, potential buyers should consider both the implications of lease decay and the prevailing market trends, which currently favour sellers in this segment.