Common Room (HDB) for Rent in 507B Wellington Circle

The valuation of the HDB 2 Room unit in Yishun, with a remaining lease of 74 years, is pegged at an estimated value of $105,634, translating to a price per square foot (PSF) of $813. This figure reflects a market price that shows no deviation from the baseline, indicating a stable pricing environment for HDB properties in this locality. Such stability may suggest a balanced demand and supply dynamic, where potential buyers are cautious yet optimistic about the value retention of leasehold properties in Yishun.

However, it is important to note that the model confidence for this valuation is categorized as low, based on the analysis of six recent HDB resale transactions in the vicinity. This relatively low confidence level could imply fluctuations in buyer sentiment or external market factors affecting local demand. As the remaining lease of 74 years is a crucial consideration for prospective buyers, it is essential to monitor how market dynamics evolve over time, particularly in relation to lease tenure and future resale potential.