3 Room (3A) HDB for Sale in 450A Bukit Batok West Avenue 6

The valuation of the HDB 3-room unit in Bukit Batok, with a remaining lease of 90 years, is estimated at $540,714, translating to a price per square foot of $750. This valuation reflects a market price that is only 1.7% above the baseline, indicating a relatively stable market sentiment in the area. Such a marginal difference suggests a balanced demand and supply dynamic, where buyers are willing to pay a premium for properties with extended leases, particularly in established neighborhoods like Bukit Batok.

In assessing the model confidence at a medium level, it is crucial to consider the nine recent HDB resale transactions in the vicinity, which provide a robust dataset for comparative analysis. The proximity to key amenities and the overall desirability of the location contribute to the property’s valuation stability. As the remaining lease is a significant factor in HDB valuations, this 90-year lease offers potential buyers a considerable duration of ownership, aligning with the long-term investment outlook prevalent among HDB buyers in Singapore. Overall, the Bukit Batok HDB market demonstrates resilience, driven by both the intrinsic value of the property and broader economic factors.