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

The valuation of the HDB 3 Room unit in Jurong East, with a remaining lease of 55 years, stands at an estimated value of $344,214, translating to $476 per square foot. This valuation reflects a market price that is consistent with the baseline, indicating no significant fluctuations in demand or supply for this property type within the locality. The stability of the market price suggests a balanced environment, where both buyers and sellers are operating under similar expectations, thereby reinforcing the overall health of the HDB resale market in Jurong East.

Analyzing the recent transactions, our model derives confidence from the data of 10 comparable HDB resale transactions in the vicinity. The medium confidence level indicates that while the model captures essential market dynamics, fluctuations may arise from external economic factors or changes in buyer sentiment. The remaining lease of 55 years is a critical element to consider, as it may influence buyer perceptions and investment viability. In a market characterized by long-term leasehold properties, prospective buyers are likely to weigh the implications of lease duration heavily, which could affect future resale values and marketability.