Common Room (HDB) for Rent in 704 Yishun Avenue 5

The valuation of the HDB 2-room unit in Yishun, with a remaining lease of 57 years, stands at an estimated value of $88,586 or $591 PSF. This valuation reflects a stable market condition, as indicated by a market price that shows no deviation from the established baseline, suggesting a balanced demand and supply scenario. The model confidence in this valuation is classified as high, further reinforcing the reliability of the figures presented.

Recent data derived from 119 HDB resale transactions in the vicinity substantiate the valuation, highlighting a consistent trend in the Yishun area. The enduring lease term of 57 years positions this property favorably within the market, as buyers typically exhibit a preference for units with substantial remaining leases, ensuring both livability and investment potential. As the real estate landscape continues to evolve, this particular asset remains an attractive proposition, with the stability of its valuation serving as an indicator of the broader market dynamics at play in the HDB sector.