5 Room (5I) HDB for Sale in 216 Bukit Batok Street 21

The HDB 5-room property located in Bukit Batok, with a remaining lease of 57 years, has been appraised at an estimated value of $545,723, translating to a price per square foot (PSF) of $419. This valuation indicates a premium positioning in the current market, reflecting a significant 16.4% above the baseline valuation. Such a divergence from the baseline underscores the competitive landscape of the Bukit Batok area, which has demonstrated resilience despite broader market fluctuations.

However, it is essential to approach this valuation with caution, as the model confidence is rated low, primarily due to the reliance on a singular recent HDB resale transaction within the vicinity. This limited data point can skew the perceived value and may not fully capture the broader market dynamics at play. Investors and potential buyers should consider the implications of the remaining lease on long-term value retention, as properties with diminishing lease tenures can experience varying demand levels.