3 Room (3I) HDB for Sale in 4 Holland Close

The valuation of the HDB 3 Room property located in the Central Area, with a remaining lease of 47 years, stands at an estimated value of $404,401, translating to a price per square foot (PSF) of $578. This valuation is notably positioned above the market baseline, reflecting a significant 34.8% premium compared to similar properties in the vicinity. Such a divergence indicates heightened demand for HDB properties in this central locale, suggesting that buyers are willing to pay a premium for the strategic advantages associated with urban living, proximity to amenities, and established transport networks.

The model confidence for this valuation is categorized as medium, derived from an analysis of nine recent HDB resale transactions in the surrounding area. While the estimated value exceeds market expectations, it is essential to consider the implications of the remaining lease duration. A remaining lease of 47 years may introduce a degree of caution among potential buyers, as properties with shorter leases tend to face depreciation concerns as they approach the end of their lease term. Nonetheless, the current market dynamics signal a robust interest in central properties, potentially driven by urban regeneration efforts and the continuous appeal of living in Singapore's bustling heart.