3 Room (3I) HDB for Sale in 163 Stirling Road

The valuation of the HDB 3-room unit in Queenstown, with a remaining lease of 42 years, stands at an estimated value of $230,442, translating to a price per square foot (PSF) of $325. This valuation is notably above the market, reflecting a 69.2% difference from the baseline established by comparable transactions in the area. Such a significant premium suggests that this property is positioned within a competitive segment of the market, potentially influenced by its desirable location and the overall demand for HDB properties in Queenstown.

However, it is important to note that the model confidence for this valuation is categorized as low, indicating that the analysis is based on a limited dataset comprising only three recent HDB resale transactions in the vicinity. This scarcity of comparable sales may lead to variability in the valuation and signals that while the property commands a higher price, market dynamics are complex and warrant cautious interpretation. The remaining lease of 42 years also plays a crucial role in the assessment, as properties with shorter leases may experience diminished buyer interest, particularly in a market that increasingly prioritizes long-term investment value.