3 Room (3I) HDB for Rent in 161 Mei Ling Street

The valuation of the HDB 3 Room unit in Queenstown, with a remaining lease of 43 years, stands at an estimated value of $293,257, translating to $378 per square foot. This valuation is particularly significant as it reflects a market price that is consistent with the baseline, indicating stability in the local real estate landscape. With a model confidence level categorized as low, it is essential to approach this valuation with a nuanced understanding of the prevailing market dynamics and the specific factors influencing buyer sentiment in the Queenstown area.

Analyzing the recent HDB resale transactions in the vicinity, which number six in total, offers insight into the competitive landscape and pricing trends. The uniformity in pricing suggests that the market is currently in a state of equilibrium, yet the low confidence rating indicates potential fluctuations. Buyers should consider the implications of the remaining lease on long-term investment potential, as properties with shorter leases may face challenges in appreciation. Overall, while the current valuation aligns with market expectations, prospective buyers and investors should remain vigilant and informed about both macroeconomic conditions and localized developments impacting the Queenstown HDB market.