3 Room (3A) HDB for Sale in 347A Yishun Avenue 11

The valuation of the HDB 3-room property in Yishun, with a remaining lease of 86 years, stands at an estimated value of $612,988, translating to a price per square foot (PSF) of $850. This figure, while indicative of market interest, is influenced by a modest 4.2% difference from the baseline market price. Such a variance suggests a competitive landscape, albeit one that may be tempered by broader market conditions and localized demand.

Model confidence in this valuation is categorized as low, reflecting a reliance on a limited dataset derived from just two recent HDB resale transactions within the vicinity. This scarcity of comparative sales could imply potential volatility in pricing as market sentiments shift. Nevertheless, the property’s significant remaining lease offers a compelling advantage, as it provides prospective buyers with long-term tenure security, a crucial consideration in the HDB market. As such, while the current value presents an opportunity, stakeholders should remain vigilant of market dynamics that could influence future valuations.