3 Room (3I) HDB for Sale in 38 Lorong 5 Toa Payoh

This valuation report provides an in-depth analysis of a 3-room HDB unit located in the vibrant neighborhood of Toa Payoh, which boasts a remaining lease of 43 years. The estimated value of this property is pegged at $230,675, translating to a price per square foot (PSF) of $320. This valuation is notably positioned above the current market baseline, reflecting a significant 59.5% premium. Such a valuation suggests that the property may possess unique characteristics or advantages that appeal to potential buyers, thereby driving its price above the general market trend.

However, it is crucial to note that the model confidence in this valuation is categorized as low, indicating potential variability in the market dynamics that could affect the property's price trajectory. The analysis is based on four recent HDB resale transactions in the vicinity, which may not fully encompass broader market trends or individual property nuances. The remaining lease of 43 years is a significant consideration, as properties with shorter leases often face depreciation in value over time, particularly as the lease approaches its final years. Buyers should weigh these factors carefully against the current premium valuation.