3-Room HDB for Room Rent: 111 Yishun Ring Road

This valuation report presents an analysis of a 3-room HDB unit located in Yishun, currently estimated at $20,819, equating to a price per square foot (PSF) of $416. The property has a remaining lease of 54 years, a significant consideration for potential buyers as it approaches the mid-point of its lease term. The valuation reflects a market signal indicating no deviation from the baseline price, suggesting a stable pricing environment in the Yishun area.

Despite the apparent stability, the model confidence for this valuation is categorized as low, implying that there are factors influencing market dynamics that may not be fully captured in recent transaction data. The analysis was drawn from three recent HDB resale transactions in the vicinity, providing a foundational basis for the valuation but also highlighting the necessity for caution in reliance on such limited data points. As the lease term diminishes, potential buyers may factor in the implications of lease expiration, which could further influence market sentiment and demand in the upcoming years.