4 Room (4S) HDB for Sale in 253 Yishun Ring Road

The valuation of the 4-room HDB property in Yishun, with a remaining lease of 57 years, stands at an estimated value of $390,293, translating to an approximate price per square foot (PSF) of $432. This valuation is significantly above the market baseline, reflecting a 27.9% premium over comparable properties in the area. Such a divergence indicates a strong demand for this specific property type within the Yishun district, which may be attributed to its strategic location and the overall appeal of the neighborhood.

However, it is important to note that the model confidence for this valuation is categorized as low, primarily due to the reliance on a limited data set, with only one recent HDB resale transaction in the vicinity. This scarcity of comparative transactions may introduce volatility in the valuation process, necessitating a cautious approach for potential buyers and investors. As the remaining lease of 57 years could impact future resale value, it is imperative to consider the evolving market dynamics and the long-term implications of lease tenure in the context of Singapore’s real estate landscape.