3 Room (3A) HDB for Rent in 490 Jurong West Avenue 1

The valuation of the HDB 3-room unit located in Jurong West, with a remaining lease of 56 years, stands at an estimated value of $364,450, translating to a price per square foot (PSF) of $464. This valuation reflects a stable market position, showcasing a market price that is consistent with the baseline, indicating a 0% difference from the expected price range. Such stability in valuation suggests a balanced demand and supply dynamic in the Jurong West area, which is characterized by its strategic location and accessibility to amenities.

However, the model confidence for this valuation is categorized as low, primarily due to the limited dataset from only two recent HDB resale transactions in the vicinity. This scarcity of transactional data can lead to fluctuations in perceived market value, particularly in a market influenced by evolving buyer preferences and macroeconomic factors. Buyers and investors should remain cognizant of the implications of the remaining lease period, as properties with shorter leases may face depreciation in value over time. As the property landscape continues to evolve, ongoing monitoring of market trends in Jurong West will be crucial for making informed investment decisions.