3 Room (3NG) HDB for Sale in 509 West Coast Drive

The valuation of the HDB 3-room unit in Clementi, with a remaining lease of 50 years, stands at an estimated value of $249,959, translating to a price per square foot (PSF) of $347. This figure indicates a significant premium over the baseline market value, with a striking 60% variance, placing this property in a distinctly elevated pricing tier within the local market. The substantial difference signals a robust demand for properties in this area, despite the relatively shortened lease period typical of HDB flats.

However, it is crucial to note that the model confidence for this valuation is categorized as low, based on a limited dataset comprising only two recent HDB resale transactions in the vicinity. This constraint underscores the importance of considering broader market dynamics and potential fluctuations in buyer sentiment, particularly as the remaining lease period narrows. Investors and homeowners alike should exercise caution and conduct thorough due diligence, weighing the unique features of this property against prevailing market trends in Clementi and the implications of lease tenure on future resale prospects.