3 Room (3A) HDB for Rent in 219 Petir Road

The valuation of the HDB 3-room unit in Bukit Batok, with a remaining lease of 60 years, stands at an estimated value of $387,742, translating to a price per square foot (PSF) of $480. This valuation reflects the current market equilibrium, as indicated by the market price showing no deviation from the baseline, signaling a stable demand and supply alignment in the area. The model confidence rating is classified as high, underpinned by an extensive analysis of 426 recent HDB resale transactions within the vicinity, which provides a robust dataset for this assessment.

In the context of Singapore's dynamic residential market, the 60-year remaining lease is a crucial consideration for potential buyers. With a significant portion of the HDB stock in the vicinity nearing the halfway mark of their lease terms, this property’s valuation reflects the growing sentiment towards longer lease tenures. Furthermore, Bukit Batok has demonstrated resilience in property values, driven by its strategic location, accessibility, and community amenities. As such, this HDB unit is well-positioned to attract prospective buyers looking for stability in their investment, especially in a market characterized by fluctuations and economic uncertainties.