3 Room (3I) HDB for Rent in 205 Yishun Street 21

This valuation report presents an analytical overview of a HDB 3-room unit located in Yishun, which currently holds a remaining lease of 57 years. The estimated value of the property stands at $383,747, translating to a price per square foot (PSF) of $532. The market signal indicates a stable pricing environment, with a 0% difference from the baseline, suggesting that the property is currently aligned with prevailing market rates.

Despite the apparent stability in pricing, it is important to note the low model confidence associated with this valuation, derived from only two recent HDB resale transactions within the vicinity. This limited data set may not fully capture the nuanced dynamics affecting the Yishun market, particularly in relation to the remaining lease term. As HDB properties age, the remaining lease duration can significantly influence buyer sentiment and future resale potential. Investors and homeowners must remain vigilant of the broader market trends and the implications of lease longevity on property value, especially in a competitive landscape like Singapore.