Bungalow for Room Rent: Upper east coast road

The valuation of the HDB 2-room unit in Bedok, with a remaining lease of 71 years, has been estimated at $270,996, translating to a price per square foot (PSF) of $677. This valuation is indicative of a stable market condition, as it reflects a 0% difference from the baseline market price. Such stability is a positive signal for potential buyers and investors, suggesting that the property market in this area has reached a level of equilibrium, where supply and demand are closely aligned.

Supporting this valuation is a robust dataset derived from 39 recent HDB resale transactions within the vicinity, which strengthens the model's confidence in this estimate as being high. The consistent resale activity suggests a healthy demand for HDB properties in Bedok, a well-established residential district known for its accessibility and community amenities. With the remaining lease of 71 years, this unit holds significant potential for both owner-occupiers and investors, as it allows for a lengthy period of habitation or rental income before leasehold considerations become a factor in future valuations.