3-Room HDB for Room Rent: 117 Yishun Ring Road

The valuation of the HDB 3 Room in Yishun, with a remaining lease of 55 years, stands at an estimated value of $94,598, translating to a price per square foot (PSF) of $473. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand within this segment of the HDB market. The confidence level of this model is classified as high, based on an extensive analysis of 490 recent HDB resale transactions within the vicinity, providing a robust foundation for this valuation.

The current market dynamics suggest that the HDB sector in Yishun is experiencing equilibrium, with no significant deviations from the baseline price. This stability may be attributed to the area's ongoing urban developments and enhancements in infrastructure, which continue to bolster its attractiveness to potential buyers. Furthermore, the remaining lease of 55 years positions this property favorably against long-term investment considerations, appealing to both first-time homebuyers and investors seeking stable returns in the evolving Singaporean property landscape.