2 Room (2STD) HDB for Sale in 28 Hoy Fatt Road

The valuation of the HDB 2-room property located in Queenstown, with a remaining lease of 40 years, stands at an estimated value of $171,547, which translates to a price per square foot (PSF) of $340. This valuation is particularly noteworthy as it reflects a market signal indicating an above-market positioning, with a significant 79.5% difference from the baseline value. Such a premium suggests that the property is not only in demand but also benefitting from the unique characteristics and desirability of the Queenstown locality.

Our analysis is grounded in a robust dataset, incorporating insights from 20 recent HDB resale transactions within the vicinity, which enhances the model's confidence level to high. The substantial remaining lease of 40 years is a critical factor that underpins the valuation; properties with longer leases typically command higher prices due to the perceived stability and longevity they offer to potential buyers. Furthermore, Queenstown's strategic location and its proximity to amenities and transport links further amplify its attractiveness, leading to heightened competition among buyers in this segment of the market.