3 Room (3NG) HDB for Sale in 264 Jurong East Street 24

In the current analysis of the HDB 3-room unit located in Jurong East, with a remaining lease of 75 years, we observe an estimated value of $401,102, translating to a price per square foot (PSF) of $548. This valuation reflects a nuanced understanding of the local market dynamics, particularly considering the slight 2.8% deviation from the baseline market price. Such a variance suggests a relatively stable demand for HDB properties in this region, indicative of Jurong East's appeal as a residential area.

The model confidence for this valuation is deemed to be medium, supported by an examination of nine recent HDB resale transactions in close proximity. This dataset provides a foundational basis for understanding pricing trends and buyer sentiment. The remaining lease of 75 years is particularly significant in the context of Singapore's real estate landscape, where leasehold properties are often closely scrutinized by prospective buyers. As the market continues to evolve, keeping a close watch on lease durations and their impact on property values will be critical for both investors and homeowners alike.