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

The valuation of the HDB 3 Room property located in the Central Area, with a remaining lease of 50 years, has been estimated at $390,265, translating to a price per square foot (PSF) of $615. This valuation is notably above the market baseline, reflecting an impressive 81.9% difference. Such a premium valuation suggests a robust demand for properties in this sought-after location, which is characterized by its proximity to key amenities and transport links, making it an attractive choice for both homeowners and investors alike.

Further analysis based on nine recent HDB resale transactions in the vicinity indicates a medium confidence level in this valuation due to the variability in property conditions and buyer sentiment. The remaining lease of 50 years is a significant factor, as it influences the long-term appreciation potential of the property. While the current valuation is high, it is essential to consider the market dynamics at play, including the demand for central living and the limited supply of HDB units within this area. As such, this property stands as a compelling investment opportunity, albeit with the inherent risks associated with properties that have a shorter remaining lease term.