4-Room HDB for Room Rent: 218 Yishun Street 21

The valuation of the HDB 4-room unit in Yishun, with a remaining lease of 58 years, presents a noteworthy opportunity within the current property market landscape. Estimated at $72,360, translating to $482 per square foot (PSF), this property is positioned at the baseline market price, indicating a stable environment for potential buyers. Such equilibrium suggests that the unit is well-aligned with the prevailing market conditions, reflecting both demand and supply dynamics in this sector.

With a model confidence rating of high, driven by insights from 486 recent HDB resale transactions in the vicinity, the data reinforces the reliability of this valuation. Yishun, known for its residential appeal and community amenities, continues to attract interest from buyers despite the aging lease. The remaining 58 years of leasehold tenure, while less than the ideal 99 years, still offers substantial value considering the strategic location and accessibility of the area. As the market evolves, this property stands as a testament to the enduring appeal of HDB flats in Singapore, especially in regions like Yishun.