3 Room (3NG) HDB for Sale in 352 Clementi Avenue 2

The HDB 3-room property located in Clementi, with a remaining lease of 50 years, has been appraised at an estimated value of $294,277, translating to a price per square foot (PSF) of $408. This valuation is notably positioned above the market baseline, reflecting a significant 52.9% deviation, indicating robust demand and desirability in this region. The high valuation is supported by a comprehensive analysis of 385 recent HDB resale transactions in the vicinity, which underscores the strength of the local property market.

Such a substantial premium over the baseline can be attributed to several key factors. Firstly, Clementi is a well-established residential hub, known for its strategic location and excellent connectivity, which enhances its appeal among prospective buyers. Additionally, the remaining lease of 50 years still offers a considerable tenure for homeowners, aligning well with the preferences of many buyers who prioritize long-term living arrangements. The model confidence level is classified as high, reinforcing the credibility of this valuation amidst the current market dynamics. Overall, this analysis suggests that the subject property not only reflects the underlying strengths of the Clementi area but also stands as a testament to the evolving landscape of the HDB resale market.