5 Room (5I) HDB for Sale in 664B Punggol Drive

The valuation of the HDB 5-room unit in Punggol, with an estimated value of $820,722, reflects the current market dynamics within the area. With a remaining lease of 89 years, this property benefits from a substantial lease term that is appealing to potential buyers, particularly families looking for long-term residency. The estimated price per square foot (PSF) of $693 positions this unit competitively within the local market, showcasing a slight increase of 1.1% from the baseline market price.

However, it is crucial to note that the model confidence for this valuation is classified as low, suggesting potential volatility or uncertainty in the market trends. The valuation is supported by three recent HDB resale transactions in the vicinity, indicating a localized price trend that may not fully capture broader market fluctuations. As such, prospective buyers and investors should remain vigilant and consider the evolving Punggol landscape, including infrastructural developments and community amenities, which can significantly influence future property values.