2 Room (2STD) HDB for Sale in 88 Commonwealth Close

The valuation of the 2-room HDB in Queenstown, with a remaining lease of 37 years, is set at an estimated value of $160,135, translating to a price per square foot (PSF) of $324. This valuation is noted to be above the market average, exhibiting a significant 106.1% difference from the baseline. Such a premium suggests heightened demand and desirability for properties in this area, which is supported by the analysis of recent resale transactions.

With a model confidence rating of medium, the valuation draws from a sample of 13 recent HDB resale transactions within the vicinity, reflecting a competitive market landscape. Queenstown, renowned for its strategic location and community amenities, continues to attract potential buyers, particularly those seeking proximity to the Central Business District and well-established educational institutions. The notable premium in the current valuation underscores the dynamics of the HDB market, where properties with longer remaining leases tend to command higher prices, aligning with broader trends of urban regeneration and gentrification within the region.