3-Room HDB for Room Rent: 215 Yishun Street 21

The valuation of the 3-room HDB unit located in Yishun, with a remaining lease of 57 years, stands at an estimated value of $63,587, translating to a price per square foot (PSF) of $530. This valuation reflects a market price that shows no deviation from the baseline, indicating a stable demand within the local residential market. The consistency in pricing suggests a balanced equilibrium between buyer and seller expectations, particularly in an evolving economic landscape.

However, the model confidence for this valuation is categorized as low, which suggests a degree of uncertainty in the data underlying the assessment. This is derived from a limited sample size, encompassing only three recent HDB resale transactions in the vicinity. The dynamics of the Yishun market, characterized by its unique demographic and infrastructural developments, play a crucial role in influencing property values. As the region continues to undergo urbanization and enhancements in connectivity, potential buyers may find opportunities for value appreciation, particularly in properties with longer remaining leases.