3 Room (3NG) HDB for Rent in 19 Chai Chee Road

The valuation of the 3-room HDB unit in Bedok, with an estimated value of $300,234, reflects the ongoing dynamics of the Singapore housing market, particularly within the public housing sector. With a remaining lease of 53 years, this property positions itself within a competitive segment, where leasehold tenure significantly influences buyer sentiment and pricing. The current valuation equates to $400 per square foot, a figure that aligns with the baseline market price, indicating a stable yet cautious market environment.

Despite the absence of price deviation from the baseline, the low model confidence signals potential volatility in the market. This could be attributed to varying factors such as recent economic fluctuations and consumer purchasing power in the areas surrounding Bedok. The valuation is substantiated by three recent HDB resale transactions in the vicinity, which provide a snapshot of current market activity. As the HDB market continues to adapt to shifting demographics and housing demands, stakeholders should remain vigilant of these trends, particularly the implications of lease duration on long-term investment viability.