3 Room (3NG) HDB for Rent in 138 Yishun Ring Road

The valuation of the 3-room HDB flat in Yishun, with a remaining lease of 58 years, stands at approximately $366,816, translating to a price per square foot (PSF) of $501. This valuation reflects a market price that shows no deviation from the baseline, indicating a stable demand for HDB properties in the region. However, it is essential to note that the model confidence for this valuation is categorized as low, suggesting that the current valuation may be influenced by a limited number of comparable sales data.

Recent trends in the Yishun area reveal a cautious market sentiment, supported by only two recent resale transactions in the vicinity. As the remaining lease diminishes, potential buyers may exhibit increased sensitivity to lease terms, particularly in a market where leasehold properties are scrutinized for their long-term value retention. Investors and homeowners alike should consider the implications of the remaining lease on future resale opportunities and market demand dynamics, particularly as they relate to the overall health of the HDB market in Singapore.