3 Room (3A) HDB for Sale in 4 Teck Whye Avenue

The valuation of the HDB 3 Room property in Bukit Batok, with a remaining lease of 56 years, stands at an estimated value of $359,525, translating to a price per square foot (PSF) of $457. This assessment is derived from a comprehensive analysis of 426 recent HDB resale transactions within the vicinity, providing a robust dataset that enhances the reliability of the valuation. The model confidence is rated as high, indicating a strong alignment with current market trends and property performance metrics.

Notably, the estimated value is positioned 21% above the baseline market rate, signaling a premium demand for properties in this area. This above-market valuation can be attributed to several factors, including the strategic location of Bukit Batok, which boasts accessibility to essential amenities and transport links, making it an attractive option for potential buyers. Moreover, as the remaining lease diminishes, the property’s value is likely to be influenced by market dynamics, with buyers increasingly discerning about leasehold terms. Therefore, while the current valuation reflects a positive market sentiment, future trends will need to be closely monitored to assess potential shifts in demand and pricing for HDB properties in this locality.