4-Room HDB for Room Rent: 211 Bukit Batok Street 21

The valuation of the HDB 4-room unit in Bukit Batok, with a remaining lease of 57 years, stands at an estimated value of $115,893, translating to a price per square foot (PSF) of $446. This valuation reflects a market price that is aligned with the baseline, indicating a 0% difference, which suggests a stable market condition for HDB properties in this region. The low model confidence in this valuation is primarily influenced by the limited data set, as it relies on just two recent resale transactions in the vicinity, highlighting the need for a cautious interpretation of these figures.

As the remaining lease period is a critical factor in HDB valuations, the 57 years remaining on this unit places it within a spectrum that may appeal to certain demographics, particularly younger families or first-time buyers who prioritize affordability and accessibility in their housing choices. The Bukit Batok area remains a desirable location, characterized by its well-developed infrastructure and community amenities, which could bolster demand for property despite the uncertainties posed by lease longevity. Stakeholders should consider these dynamics when assessing the potential for future appreciation in value, as well as the broader market trends affecting HDB properties across Singapore.