3 Room (3NG) HDB for Sale in 219 Ang Mo Kio Avenue 1

The valuation of the HDB 3 Room property located in Ang Mo Kio, with a remaining lease of 49 years, currently stands at an estimated value of $289,831, translating to a price per square foot (PSF) of $402. This valuation is noteworthy as it reflects an above-market signal, displaying a significant 61.8% difference from the baseline valuation for similar properties in the region. Such a discrepancy indicates a robust demand for HDB units in this area, which is likely driven by Ang Mo Kio's established reputation as a desirable residential enclave.

With a model confidence level classified as high, this valuation is substantiated by a thorough analysis of 467 recent HDB resale transactions within the vicinity. The data suggests a resilient market, where properties are commanding premium prices due to their strategic location, accessibility, and community amenities. As the remaining lease period is an essential factor in HDB valuations, prospective buyers should weigh the implications of a 49-year lease against the potential for future appreciation in this vibrant district. Overall, this property exemplifies the dynamic nature of the Singapore real estate market, particularly in well-established neighbourhoods.