3 Room (3I) HDB for Rent in 2 Ghim Moh Road

The valuation of the HDB 3 Room unit located in the Central Area reflects a current estimated value of $401,205, translating to $573 per square foot (PSF). With a remaining lease of 48 years, this property stands at a pivotal juncture within the local real estate landscape, particularly in a region characterized by high demand and limited supply. The assessment is grounded in the analysis of nine recent HDB resale transactions in the vicinity, which have provided a robust framework for establishing the market dynamics at play.

Significantly, the property’s market signal indicates a 0% difference from the baseline, suggesting that the current valuation aligns well with prevailing market conditions. This stability is particularly noteworthy in a fluctuating market, as it signifies a balanced equilibrium between buyers and sellers. The model's confidence level is classified as medium, underscoring the need for continued observation of market trends, especially given the impact that lease duration can exert on buyer sentiment and pricing. As the remaining lease diminishes, potential buyers are likely to weigh the implications of leasehold tenure, which could influence future resale opportunities and market value retention.