3 Room (3A) HDB for Rent in 3 Tanjong Pagar Plaza

The valuation of the HDB 3-room unit in the Central Area, with a remaining lease of 49 years, stands at an estimated value of $382,460, translating to a price per square foot of $602. This assessment reflects the current market conditions, which indicate a stable pricing trend with a market price showing a 0% difference from the baseline. The absence of price fluctuation illustrates a balanced demand and supply dynamic, reinforcing the desirability of this central locale.

With the valuation derived from an analysis of 9 recent HDB resale transactions in the vicinity, the model confidence is rated as medium, suggesting a reasonable level of reliability in the data. The remaining lease period of 49 years is a crucial factor to consider, as it impacts buyer sentiment and future resale potential. Properties in central locations typically benefit from higher demand due to their accessibility and proximity to essential amenities, thus maintaining a robust market presence even with a shorter lease than the typical HDB lifespan.