3 Room (3NG) HDB for Sale in 16 Teck Whye Lane

The valuation of the HDB 3-room unit in Bukit Batok, with a remaining lease of 54 years, stands at an estimated value of $305,283, translating to a price per square foot (PSF) of $423. This valuation is significantly above the market baseline, reflecting a robust 30.4% premium over comparable properties in the area. Such an elevated market signal indicates strong demand dynamics that are driving prices higher than typical expectations for HDB units within similar parameters.

Analyzing the recent data from 87 HDB resale transactions in the vicinity, the model confidence remains high, which underscores the reliability of this valuation amidst fluctuating market conditions. The extended lease period of 54 years enhances the attractiveness of this property, as buyers often prefer units with longer remaining leases to ensure investment security. This premium valuation can be attributed to several factors, including the desirability of Bukit Batok as a residential hub, the quality of amenities and infrastructure in the area, and the overall sentiment in the HDB resale market that reflects a willingness among buyers to invest in units that offer longevity and potential for appreciation.