5 Room (5I) HDB for Sale in 296A Bukit Batok Street 22

This valuation report focuses on a 5-room HDB property located in Bukit Batok, which possesses a remaining lease of 90 years. The estimated value of the property stands at $974,840, translating to a price per square foot (PSF) of $802. This valuation is notably positioned 18% above the market baseline, indicating a robust demand for housing in this area, particularly for larger family units such as this 5-room configuration. The premium pricing suggests a strong buyer sentiment, likely fueled by the neighborhood's accessibility and amenities.

Our analysis is supported by a review of 14 recent HDB resale transactions within the Bukit Batok vicinity, reflecting the ongoing market dynamics that favor properties with longer leases. The model confidence for this valuation is categorized as medium, highlighting that while the data supports the estimated value, external market variables could influence future trends. As Singapore's property landscape continues to evolve, the desirability of homes with extended leases, like this one, is expected to maintain significant appeal among prospective buyers, further justifying the premium valuation.