3 Room (3NG) HDB for Sale in 558 Ang Mo Kio Avenue 10

The valuation of the HDB 3-room property located in Ang Mo Kio, with a remaining lease of 52 years, stands at an estimated value of $292,240, translating to $405 per square foot (PSF). This valuation is classified as above market, reflecting a notable 26.6% premium over the baseline price, indicative of the current demand dynamics and buyer sentiment in the area. The strong valuation signals a robust interest in HDB properties, particularly in established neighborhoods like Ang Mo Kio, where amenities and connectivity remain highly sought after.

The model's confidence in this valuation is categorized as medium, based on an analysis of 8 recent HDB resale transactions in the vicinity. These transactions suggest a competitive market environment, where properties are transacting at elevated price points, likely driven by limited supply and a strong buyer preference for mid- to long-lease HDBs. As the remaining lease of this property stands at 52 years, it is essential for potential buyers to consider the implications of lease tenure on future resale opportunities and value retention. Overall, this property exemplifies the ongoing trends within the Singapore HDB market, revealing a complex interplay between lease duration, location desirability, and price appreciation potential.