1 Bed Walk-up Apartment (Condo) for Rent in Tiong Bahru Estate

The valuation of the 3-room HDB property in Queenstown, with a remaining lease of 75 years, stands at an estimated value of $490,144 or $591 PSF. This valuation reflects a notable equilibrium in the current market, as indicated by the 0% difference from the baseline market price. Such stability suggests a consistent demand within this sought-after locality, which is characterized by its strategic location and well-established amenities. The strong valuation also indicates that buyers are willing to pay a premium for properties in Queenstown, which is known for its vibrant community and accessibility to urban centers.

Based on an analysis of 16 recent HDB resale transactions in the vicinity, the model confidence is assessed as medium, suggesting a reliable but cautious outlook on future price movements. The property’s lease tenure is a significant factor influencing buyer sentiment, as a remaining lease of 75 years offers a balanced risk profile. In the context of Singapore's evolving real estate landscape, properties with longer leases tend to maintain their value more effectively, especially in prime districts like Queenstown. As such, this valuation not only reflects current market conditions but also underscores the intrinsic value of investing in HDB properties in areas with strong growth potential.