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

The valuation of the 3-room HDB property in Jurong East, with a remaining lease of 55 years, stands at an estimated value of $315,519, equating to $431 PSF. This valuation reflects a significant market signal, positioning it approximately 31.5% above the baseline. Such an increase indicates strong demand and robust buyer sentiment in the Jurong East area, suggesting that the property commands a premium due to its strategic location and the overall desirability of the neighborhood.

The model confidence for this valuation is rated as high, derived from a comprehensive analysis of 384 recent HDB resale transactions in the vicinity. This substantial dataset supports the reliability of the pricing model, affirming that the local market dynamics are favorable for sellers. Notably, the remaining lease of 55 years is a critical factor influencing buyer perception, as properties with longer leases tend to attract more interest, especially in a vibrant district like Jurong East that continues to benefit from ongoing urban development and infrastructural enhancements.