3 Room (3NG) HDB for Rent in 102 Jurong East Street 13

The valuation of this 3-room HDB unit in Jurong East, with a remaining lease of 55 years, stands at an estimated value of $348,499, translating to a price per square foot (PSF) of $476. This valuation reflects a notable stability in the current market, as the estimated value shows a 0% difference from the baseline, indicating a strong alignment with prevailing market conditions. The assessment is based on a thorough analysis of 10 recent HDB resale transactions in the vicinity, which enhances the reliability of this valuation.

It is essential to consider the implications of the remaining lease period in relation to the property’s market positioning. With 55 years left on the lease, potential buyers may exhibit caution, as leasehold properties in Singapore typically experience a depreciation in value as the lease term shortens. However, Jurong East remains a highly sought-after locality, bolstered by ongoing developments and infrastructural advancements in the area. This factor may counterbalance the concerns associated with the lease duration, thereby maintaining healthy demand for HDB units in this vibrant precinct.