3 Room (3I) HDB for Sale in 502 Bedok North Street 3

The valuation of the HDB 3 Room unit in Bedok, with a remaining lease of 51 years, stands at an estimated value of $265,812, translating to a price per square foot (PSF) of $419. This assessment indicates a substantial premium over the baseline market value, reflecting a striking 53.5% upward deviation. Such a significant markup signals a robust demand for HDB properties in the Bedok area, possibly driven by the locality's strategic connections and upcoming infrastructure developments.

However, it is crucial to note that the model confidence for this valuation is classified as low, underscoring the inherent uncertainties within the current market dynamics. The estimate is derived from only two recent HDB resale transactions in the vicinity, which may not adequately represent the broader market trends. Investors and potential buyers should approach this valuation with cautious optimism, taking into consideration the implications of the remaining lease period and the fluctuating demand for HDB units in Singapore's evolving real estate landscape.