2 Room (2I) HDB for Rent in 514 Bedok North Avenue 2

The valuation of the HDB 2-room unit in Bedok, with a remaining lease of 53 years, stands at an estimated value of $234,645, translating to a price per square foot (PSF) of $489. This valuation reflects a market condition characterized by a neutral price signal, indicating a 0% deviation from the baseline. Such stability in pricing suggests a balanced supply-demand dynamic within the Bedok region, where recent transactions have shown consistent market behavior.

However, it is important to note the model confidence for this valuation is categorized as low, which implies a certain level of uncertainty in the accuracy of the price estimate. This is supported by the analysis of recent HDB resale transactions in the vicinity, of which seven were assessed. Investors and homeowners should take into consideration the remaining lease period, as properties with shorter leases may experience more pronounced fluctuations in value, particularly in a market that is increasingly discerning of leasehold tenures. As a result, while Bedok remains a desirable location, potential buyers should approach this investment with a thorough understanding of the lease implications and broader market trends.