3 Room (3I) HDB for Sale in 264 Waterloo Street

The valuation of the HDB 3-room unit located in the Central Area, with a remaining lease of 51 years, stands at an estimated value of $426,120, translating to a price per square foot (PSF) of $661. This valuation positions the property significantly above the market baseline by 56.8%, indicating a robust demand for HDB units in this prime region. The Central Area remains a highly sought-after locale due to its proximity to essential amenities, public transportation, and employment hubs, which often drives up property values despite the diminishing lease tenure.

However, it is crucial to note that the model confidence for this valuation is categorized as low, primarily based on a limited data set derived from only three recent HDB resale transactions in the vicinity. This suggests potential volatility in market sentiment and pricing for similar properties. The considerable premium above market value may reflect buyer optimism or speculative tendencies in this high-demand area, yet it also warrants a cautious approach for prospective buyers and investors considering the implications of the remaining lease term on long-term value appreciation.