5 Room (5I) HDB for Sale in 516 Bedok North Avenue 2

The valuation of the HDB 5-room property in Bedok, with a remaining lease of 51 years, is estimated at $527,666, translating to a price per square foot (PSF) of $412. This value is notably positioned above the market, reflecting a substantial 45.5% difference from the baseline. Such a premium valuation suggests that the property commands a unique appeal within the current market landscape, potentially due to its strategic location or desirable amenities that typically attract buyers willing to pay a premium for quality living space.

However, it is essential to note that the model confidence in this valuation is categorized as low, which indicates that the estimation is based on a limited data set comprising only five recent HDB resale transactions in the vicinity. The reduced confidence level underscores the need for cautious interpretation of this valuation, particularly in a dynamic market like Singapore's, where various factors, including remaining lease duration, overall economic conditions, and buyer sentiment, can significantly influence property prices. As the landscape evolves, prospective buyers and investors should remain vigilant regarding market trends and conduct further due diligence.