3 Room (3NG) HDB for Sale in 502 Ang Mo Kio Avenue 5

The HDB 3-room unit in Ang Mo Kio, with a remaining lease of 53 years, has been appraised at an estimated value of $325,822, translating to approximately $445 per square foot (PSF). This valuation presents an intriguing market signal, as it is positioned 47.3% above the baseline, indicating a strong demand for properties in this desirable locale. Ang Mo Kio, known for its well-established amenities and connectivity, continues to attract buyers despite the declining lease tenure, which typically influences valuation negatively.

However, it is essential to note that the model confidence in this valuation is classified as low, being based on only four recent HDB resale transactions in the vicinity. This limited data set suggests potential volatility in the market dynamics, warranting careful consideration for prospective buyers and investors. The elevated valuation relative to the baseline may reflect a speculative sentiment or a premium placed on the unit due to its location, underscoring the need for a thorough due diligence process in the context of HDB leasehold properties.