3 Room (3A) HDB for Rent in 623B Punggol Central

The valuation of the 3-room HDB unit in Punggol, estimated at $579,566 or $781 PSF, reflects a neutral market signal, indicating a 0% difference from the baseline. This price point suggests that the property is aligned with the prevailing market trends, demonstrating stability in the Punggol area amidst the broader fluctuations observed in the housing market. The remaining lease of 87 years is conducive for long-term ownership, appealing to both owner-occupiers and investors who prioritize lease longevity in their purchasing decisions.

However, it is important to note that the model confidence is categorized as low, based on the limited dataset comprising only two recent HDB resale transactions within the vicinity. This scarcity of comparable sales may imply potential volatility in the valuation, as the data may not fully encapsulate the current demand dynamics or buyer sentiments in this segment of the market. Investors and homeowners should consider this valuation with caution, taking into account the local market conditions and the intrinsic value of proximity to amenities and infrastructure developments in Punggol.