3 Room (3I) HDB for Rent in 8 Empress Road

The valuation of the HDB 3-room unit located in the Central Area, with a remaining lease of 48 years, is estimated at $413,005, translating to $590 PSF. This valuation reflects a critical juncture in the Singaporean real estate landscape, where the interplay of urban demand and lease duration significantly influences market dynamics. With a current market price exhibiting a 0% difference from the baseline, this property stands as a testament to the stability of HDB prices in prime locales, despite the diminishing lease term.

The model confidence for this valuation remains at a medium level, derived from an analysis of 9 recent HDB resale transactions within the vicinity. This data set not only underscores the consistent demand for HDB units in the Central Area but also highlights the nuanced understanding required to navigate the complexities of leasehold properties. Investors and homeowners alike must consider the implications of lease duration on future resale potential, especially in a market where central locations command a premium yet are intrinsically linked to the remaining lease as a key determinant of value.