4 Room (4NG) HDB for Sale in 223 Yishun Street 21

The valuation of the HDB 4 Room in Yishun, with a remaining lease of 57 years, has been estimated at $431,107, translating to approximately $440 PSF. This figure positions the property significantly above the market baseline, reflecting a substantial premium of 39.2%. Such a valuation indicates a strong demand for HDB units in the Yishun area, suggesting that buyers are willing to pay a premium for properties with desirable attributes or unique features that may not be immediately quantifiable.

However, it is important to note that the model confidence for this valuation is categorized as low, which implies that the reliability of the estimated value may be influenced by limited transaction data. The assessment is based on three recent HDB resale transactions in the vicinity, which underscores the necessity for potential buyers to conduct further due diligence. The dynamics of the market, particularly the relationship between remaining lease tenure and buyer sentiment, play a crucial role in establishing the perceived value of this property. In a landscape where remaining lease years are paramount, understanding the implications of a 57-year lease is essential for stakeholders navigating the Yishun HDB market.