3 Room (3A) HDB for Sale in 117 Yishun Ring Road

The valuation of the 3-room HDB unit in Yishun is estimated at $308,316, translating to a price per square foot (PSF) of $387. Notably, this valuation is positioned above the market, reflecting a significant 45.6% difference from the baseline established by recent comparable sales. This premium valuation can be attributed to various factors including the strategic location within Yishun, which offers residents accessibility to essential amenities and transport links, enhancing its desirability among potential buyers.

However, it is crucial to note that the model confidence for this valuation is categorized as low, suggesting potential volatility in market conditions or discrepancies in the data set used for comparison. The analysis is based on just three recent HDB resale transactions in the vicinity, indicating a limited sample size that may not fully capture the broader market trends. As the property has a remaining lease of 55 years, prospective buyers should weigh the implications of lease tenure on future resale value while considering the current market dynamics.