Premium HDB for Sale in 647 Punggol Central

The valuation of the 5-room HDB property in Punggol, with a remaining lease of 76 years, indicates an estimated market value of $760,174, translating to a price per square foot (PSF) of $642. This valuation reflects a modest 1.3% variance from the baseline market price, suggesting a relatively stable pricing environment for HDB transactions in this area. However, it is crucial to note that the model confidence associated with this valuation is categorized as low, primarily due to the limited data available, with only one recent resale transaction recorded in the vicinity.

This scenario underscores the significance of lease duration in the valuation of HDB properties. A remaining lease of 76 years is generally favorable, as properties with longer leases tend to command higher values and attract more potential buyers. Nevertheless, the low confidence in the model indicates that market dynamics in Punggol may be influenced by various external factors, such as economic conditions, buyer sentiment, and the overall supply-demand balance within the housing market. As such, prospective buyers and investors should exercise caution and consider additional market indicators before making investment decisions in this segment.