3 Room (3NG) HDB for Sale in 701 Yishun Avenue 5

The valuation of the HDB 3-room unit in Yishun, with a remaining lease of 56 years, has been assessed at an estimated value of $338,403, translating to a price per square foot (PSF) of $463. This valuation is notably above the market baseline, reflecting a significant 27.1% premium over comparable properties in the area. Such a divergence suggests that this particular unit may be positioned strategically within its locality, possibly benefiting from unique attributes such as proximity to amenities or future development plans that enhance its desirability.

However, it is essential to note that the model confidence for this valuation is categorized as low, based on the analysis of only six recent HDB resale transactions in the vicinity. This limited data set may contribute to the variability in valuation accuracy, indicating that while the current price might be appealing, prospective buyers should exercise caution and conduct thorough due diligence. The remaining lease of 56 years further complicates the investment consideration, as it places the property in a transitional leasehold phase, potentially impacting future resale value and buyer appetite in the long term.