3 Room (3I) HDB for Rent in 5 Ghim Moh Road

The valuation of the HDB 3 Room property located in the Central Area, with a remaining lease of 49 years, stands at an estimated value of $350,469, equating to a price per square foot (PSF) of $585. This valuation is particularly significant given its proximity to the vibrant urban landscape, which typically commands a premium in the property market. The assessment reflects a market price that shows no deviation from the baseline, indicating a stable equilibrium in the local real estate dynamics.

The medium confidence level in this valuation is derived from an analysis of nine recent HDB resale transactions in the vicinity. These transactions underline a consistent demand for HDB properties in the Central Area, characterized by their strategic location and accessibility to key amenities. As the remaining lease of 49 years is a critical factor, it is noteworthy that properties within this lease band tend to maintain their value, particularly in high-demand areas like the Central region. This suggests a resilient market sentiment, where buyers remain willing to invest despite the diminishing lease term, highlighting the enduring appeal of urban living in Singapore.