3 Room (3NG) HDB for Sale in 463 Jurong West Street 41

The valuation of the HDB 3-room unit in Jurong West, with a remaining lease of 57 years, stands at an estimated value of $331,644, translating to a price per square foot (PSF) of $460. This evaluation indicates a market signal that is significantly above the baseline, showcasing a 20.6% premium compared to typical market rates in the area. Such a premium suggests a robust demand for HDB properties in this locality, potentially driven by the upcoming infrastructural developments and amenities that Jurong West is set to experience.

However, it is important to note that the model confidence in this valuation is classified as low, primarily due to the limited dataset from only two recent HDB resale transactions in the vicinity. This constraint emphasizes the necessity for prospective buyers and investors to approach this valuation with a degree of caution. The remaining lease of 57 years may also play a pivotal role in future resale potential, as the longevity of the lease is crucial in determining the attractiveness of HDB properties in Singapore's evolving real estate landscape. As such, stakeholders are encouraged to consider both the current market dynamics and the long-term implications of lease duration when assessing the viability of this investment opportunity.