3 Room (3A) HDB for Rent in 113 Commonwealth Crescent

The valuation of the HDB 3-room unit in Queenstown, with a remaining lease of 42 years, presents a unique snapshot of the current market dynamics in this sought-after district. Priced at an estimated value of $196,609, equating to $304 per square foot, this property reflects a market price that shows no variance from the baseline, indicating a stable demand in the area despite broader economic fluctuations.

It is crucial to note that the model confidence for this valuation is classified as low, primarily due to the limited dataset available, with only one recent HDB resale transaction in the vicinity serving as a reference point. This scarcity of comparable sales can often lead to volatility in valuations and may suggest a cautious approach for potential buyers and investors. As the remaining lease diminishes, the interplay between lease longevity and market sentiment will become increasingly significant, necessitating close monitoring of ongoing trends in the Queenstown HDB market.