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

The HDB 4-room property located in the highly sought-after Queenstown district, with a remaining lease of 75 years, is currently valued at approximately $743,660, translating to a price per square foot (PSF) of $712. This valuation reflects a market signal indicating a 0% difference from the baseline, suggesting that the property is priced in line with current market expectations. The stability in pricing can be attributed to the limited availability of comparable units in the vicinity, reinforcing Queenstown's reputation as a prime residential area.

However, it is essential to note that the model confidence for this valuation is classified as low, primarily based on the analysis of just two recent HDB resale transactions in the area. Such a limited data set could indicate potential volatility in market conditions or variances in buyer sentiment. Investors and prospective homeowners should exercise caution and consider the broader market dynamics, particularly the implications of the remaining lease period, which can significantly influence future value appreciation as the lease approaches its final years.