3 Room (3NG) HDB for Rent in 28 Kelantan Road

The valuation of this HDB 3-room property situated in the Central Area, with a remaining lease of 50 years, stands at an estimated value of $353,822, translating to $505 PSF. This pricing reflects a noteworthy equilibrium in the current market dynamics, evidenced by a 0% difference from the baseline market price. Such stability suggests a balanced demand and supply scenario in a highly sought-after locale, underscoring the resilience of HDB properties within the central region of Singapore.

However, it is essential to note that the model confidence for this valuation is categorized as low. This indicates that the predictive accuracy of the estimated value may be influenced by various external factors, including economic fluctuations and policy changes affecting the real estate landscape. The valuation is corroborated by a review of five recent HDB resale transactions in the vicinity, which serves as a foundational benchmark. With the remaining lease of 50 years, potential buyers should consider the implications of lease decay and its effect on long-term investment value, particularly in a market where leasehold properties can see significant price variances as the lease term diminishes.