3 Room (3I) HDB for Sale in 1 Tanjong Pagar Plaza

The valuation of the HDB 3-room property located in the Central Area reveals a compelling market scenario, with an estimated value of $382,460, translating to $602 PSF. This valuation is situated significantly above the baseline market level, reflecting a remarkable 56.9% premium compared to similar properties within the vicinity. Such a substantial deviation from the baseline indicates strong demand dynamics, which could be attributed to the property’s strategic location and the limited availability of HDB units in the central region of Singapore.

Furthermore, with only 49 years remaining on the lease, this property presents a unique juxtaposition of value and risk for potential buyers. The medium confidence rating in this valuation is supported by data from nine recent HDB resale transactions in the surrounding area, underscoring the competitive nature of the current market. Buyers should consider the implications of the remaining lease duration in relation to long-term investment potential. Nevertheless, the prevailing market signals suggest that properties in the Central Area continue to attract a premium, driven by their accessibility and proximity to urban amenities.