Terraced House for Room Rent: Meragi Close

The valuation of the 4-room HDB unit in Bedok, with a remaining lease of 50 years, stands at an estimated value of $97,839, translating to a price per square foot (PSF) of $489. This valuation reflects a market price that indicates no deviation from the established baseline, suggesting a stable pricing environment for similar properties in the area. The high model confidence, based on a comprehensive analysis of 500 recent HDB resale transactions in the vicinity, underscores the reliability of this valuation.

With a remaining lease of 50 years, this property falls within a critical threshold that often influences buyer sentiment and investment potential. The Bedok area, known for its strategic location and community amenities, continues to attract interest despite the lease duration, highlighting a resilient demand for HDB properties. As the market stabilizes, this valuation serves as a reflective measure of current trends, reinforcing the significance of thorough market analysis in determining property value amidst the dynamic landscape of Singapore's real estate sector.