3 Room (3I) HDB for Sale in 806 King George's Avenue

The valuation of the HDB 3-room unit in the Central Area, with a remaining lease of 55 years, stands at an estimated value of $400,495, translating to a price per square foot (PSF) of $631. This valuation is notably positioned above the market average, reflecting a substantial premium of 27.1% from the baseline established by recent sales data. Such a significant deviation underscores the desirability of this location, particularly in the context of the Central Area's robust real estate dynamics.

With model confidence rated as high, this valuation is supported by a thorough analysis of 54 recent HDB resale transactions within the vicinity. The Central Area continues to attract strong demand due to its strategic location, accessibility, and proximity to essential amenities. As urban development progresses, properties with a longer remaining lease, such as this unit, are expected to maintain their appeal, further emphasizing the importance of lease duration in HDB valuations.