4-Room HDB for Room Rent: 405 Fajar Road

The valuation of the 4-room HDB unit in Bukit Batok, with a remaining lease of 61 years, is estimated at $44,775, translating to a price per square foot (PSF) of $448. This valuation reflects a stable market price, showing a 0% difference from the baseline, indicating that the property is effectively priced in alignment with current market expectations. The high model confidence rating suggests that the valuation is supported by robust data analysis and reflects the recent trends observed within the local real estate landscape.

Analyzing the market dynamics, the valuation is derived from a comprehensive study of 133 recent HDB resale transactions in the vicinity, underscoring the reliability of the data. The Bukit Batok area is known for its family-friendly amenities and accessibility, which continues to attract buyers. The remaining lease of 61 years is also a crucial factor; it provides a significant window for potential homeowners, ensuring long-term habitation while mitigating concerns associated with shorter leases. This valuation not only signifies a competitive entry point for buyers but also reflects the resilience of the HDB market in Singapore amidst evolving economic conditions.