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

The valuation of the HDB 3 Room unit situated in the Central Area, with a remaining lease of 48 years, stands at an estimated value of $468,837, translating to a price per square foot (PSF) of $573. This valuation reflects a market price that is in line with the baseline, indicating a stable demand in the vicinity. The model confidence remains at a medium level, suggesting that while the data is robust, there are inherent variables that may influence the future valuation of the property.

Analysis of nine recent HDB resale transactions in the area provides a foundational understanding of the current market dynamics. The absence of a price difference from the baseline signals a balanced market where sellers and buyers are aligned, thus maintaining equilibrium. Moreover, with a remaining lease of 48 years, this property presents an attractive opportunity for prospective buyers who prioritize central living while balancing lease longevity. As the market continues to evolve, monitoring lease lengths and their impact on valuations will be crucial for stakeholders in the HDB segment.