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

The valuation of the HDB 3-room property in the Central Area, with a remaining lease of 48 years, stands at an estimated value of $401,205, translating to a price per square foot (PSF) of $573. This assessment is particularly noteworthy as it indicates a market price that is consistent with the baseline, reflecting a 0% difference. Such stability in pricing suggests a balanced demand and supply dynamic within this premium urban locale, where HDB properties often serve as a focal point for both investors and homebuyers seeking accessibility to the city’s amenities.

Given the model confidence rating of medium, it is essential to consider the context of the broader market trends influencing this valuation. The analysis is supported by data from nine recent HDB resale transactions in the vicinity, which underscores a relatively stable market environment. The remaining lease period of 48 years is also a critical factor, as it may influence buyer sentiment and investment decisions. Prospective owners and investors should weigh the implications of lease duration against the backdrop of Singapore’s evolving urban landscape and housing policies, which continue to shape the appeal of HDB properties in central areas.