HDB Executive for Room Rent: 531 Jelapang Road

The valuation of the HDB Executive unit in Bukit Batok, with a remaining lease of 70 years, stands at an estimated value of $30,573, translating to $611 per square foot (PSF). This valuation is notably aligned with the current market price, exhibiting a 0% difference from the baseline, which indicates a stable and balanced pricing environment in the area. Such a closely matched valuation reflects the high demand for HDB properties in this region, suggesting that buyers are willing to pay a premium for well-located units with a substantial remaining lease.

Our analysis is supported by a comprehensive review of 29 recent HDB resale transactions in the vicinity, providing a robust data set that enhances the model's confidence level, which is rated as high. The Bukit Batok area has demonstrated consistent resilience in property values, bolstered by ongoing developments and infrastructure enhancements. The remaining lease of 70 years offers potential buyers a significant duration of ownership, ensuring that the property remains an attractive investment. As such, this valuation not only highlights the current market dynamics but also emphasizes the enduring appeal of HDB living in Bukit Batok.