Premium HDB for Rent in 588B Ang Mo Kio Street 52

The valuation of the HDB 5-room property located in Ang Mo Kio, with a remaining lease of 84 years, is positioned at an estimated value of $1,315,792, translating to a price per square foot (PSF) of $1,096. This valuation reflects a meticulously calibrated market signal, indicating a 0% difference from the baseline. Such stability in pricing suggests a balanced demand and supply dynamic within this residential precinct, where the demand for HDB units remains robust amidst the evolving real estate landscape in Singapore.

Analyzing the valuation further, it is evident that the model confidence is rated as medium, derived from recent trends in the area supported by 8 comparable HDB resale transactions. These transactions provide a credible benchmark, underscoring the area's desirability and the competitive nature of the HDB market. The remaining lease of 84 years plays a significant role in the valuation, as properties with longer leases generally command higher premiums due to their extended tenure and lower perceived risk for potential buyers. Overall, the current market dynamics in Ang Mo Kio indicate a steady interest in HDB properties, making this valuation a compelling opportunity for prospective homeowners and investors alike.