3 Room (3NG) HDB for Sale in 2 Everton Park

The valuation of the 3-room HDB unit in Singapore's Central Area, with a remaining lease of 38 years, places its estimated value at $361,994, translating to a price per square foot (PSF) of $467. This figure is notably above the market baseline, reflecting a significant 65.7% premium compared to typical pricing in the region. Such a valuation indicates a robust demand for HDB properties in central locations, driven by the allure of urban living, accessibility to amenities, and potential for capital appreciation.

This property is supported by a medium confidence level in the valuation model, which is derived from an analysis of 9 recent resale transactions within the vicinity. These transactions suggest a strong market dynamic, with buyers willing to pay a premium for properties in central locations. The remaining lease tenure of 38 years is also a critical factor, as it balances the investment risk with the potential for long-term occupancy in a highly sought-after area. As urbanization continues to shape Singapore’s real estate landscape, the demand for HDB units in central areas is likely to remain resilient, further influencing market valuations.