3 Room (3I) HDB for Rent in 90 Commonwealth Drive

The valuation of the 3-room HDB unit in Queenstown, with a remaining lease of 38 years, stands at an estimated value of $375,197, translating to a price per square foot of $625. This assessment indicates a stable market position, as evidenced by a market price that reflects a 0% difference from the baseline. Such stability is indicative of the area's consistent demand, driven by its strategic location and the inherent value of HDB properties in Queenstown, which is well-known for its accessibility and vibrant community.

Recent analysis of 10 comparable HDB resale transactions in the vicinity lends a degree of credibility to this valuation, with a model confidence rated as medium. This suggests that while the data is reliable, potential fluctuations in market dynamics should be anticipated. With the remaining lease being a critical factor in determining value, buyers are likely to weigh the longevity of the lease against future resale potential, especially in a market where lease decay can affect pricing. Thus, the Queenstown HDB market remains robust, reflecting both the desirability of the location and the ongoing evolution of buyer preferences in Singapore’s real estate landscape.