3 Room (3I) HDB for Rent in 1 Tanjong Pagar Plaza

The valuation of the HDB 3 Room unit in Singapore's Central Area reflects a calculated estimate of $382,460, translating to a price per square foot (PSF) of $602. With a remaining lease of 49 years, this property stands at a critical juncture in the market, where the lease duration plays a significant role in influencing buyer sentiment and long-term value appreciation. The valuation indicates a market price that is aligned with the baseline, showcasing a stable market environment where demand and supply dynamics are currently balanced.

Our analysis is supported by a review of nine recent HDB resale transactions within the vicinity, which have contributed to a medium confidence level in the valuation model. The data suggests that properties in the Central Area continue to attract interest, despite the reduced lease term, indicating a resilient market for HDB flats in prime locations. Investors and potential homeowners should remain vigilant about the implications of lease duration on property value, particularly in urban areas where space is at a premium, and market conditions can shift rapidly.