3 Room (3I) HDB for Sale in 21 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 $390,371 or $558 PSF. This assessment denotes an above-market valuation, reflecting a 6.3% premium over the baseline, a clear indication of heightened demand within this prime locale. The Central Area continues to attract buyers due to its strategic location, offering unparalleled access to amenities, public transport, and employment hubs, contributing to its robust market performance.

Our analysis draws from a comprehensive review of 100 recent HDB resale transactions in the vicinity, reinforcing a high model confidence in this valuation. The significant interest from buyers in this area, despite the remaining lease term, illustrates a competitive market landscape where properties are perceived as valuable investments. The longevity of the lease, while not ideal, is mitigated by the Central Area's enduring appeal, suggesting that buyers are willing to overlook this factor for the benefits of urban living. As market dynamics continue to evolve, this property exemplifies the resilience and desirability of HDB units in prime locations.