2 Room (2A) HDB for Sale in 601B Punggol Central

The valuation of the HDB 2-room unit in Punggol, with a remaining lease of 83 years, stands at an estimated value of $342,593, translating to a price per square foot (PSF) of $637. This valuation indicates a significant premium over the market baseline, reflecting a 22.6% increase. Such a deviation suggests heightened demand or specific buyer sentiment influencing the local property dynamics, particularly within the Punggol area, which has been experiencing notable growth and development in recent years.

However, it is crucial to note that the model confidence for this valuation is classified as low, primarily due to the reliance on a singular recent HDB resale transaction in the vicinity. This limited data point raises concerns about the robustness of the valuation, as it may not fully encapsulate the broader market trends and fluctuations. Investors and potential buyers should exercise caution and consider the leasehold nature of the property, as well as the evolving landscape of Punggol, which could impact future resale values and rental yields.