Common Room (HDB) for Rent in 418 Bedok North Avenue 2

This valuation report focuses on a 2-room HDB unit located in Bedok, showcasing a remaining lease of 52 years. The estimated value of the property stands at $87,367, translating to a price per square foot (PSF) of $485. Given the current market conditions, the property reflects a market price that is aligned with the baseline, indicating a stable demand within the vicinity. This stability is further evidenced by the analysis of 13 recent HDB resale transactions in the area, which provides a robust foundation for the valuation.

With a medium level of model confidence, several factors contribute to the valuation outcome. The remaining lease of 52 years plays a crucial role in the perceived value, as buyers often weigh the lease duration heavily in their purchasing decisions. Furthermore, the Bedok area has shown resilience in maintaining property values, supported by ongoing developments and infrastructure improvements that enhance the overall living experience. As such, the current valuation reflects not just the physical attributes of the property, but also the broader market dynamics at play, making this an opportune moment for potential investors and homeowners alike.