3 Room (3STD) HDB for Rent in 19 Lim Liak Street

The valuation of the HDB 3-room unit in Queenstown, with a remaining lease of 22 years, stands at an estimated value of $157,167, equating to a price per square foot (PSF) of $195. Notably, this valuation reflects a market price that is in harmony with the baseline, indicating a 0% difference. This equilibrium suggests that current market conditions are stabilizing, with the property maintaining its value in a competitive landscape.

However, it is crucial to note that the model confidence for this valuation is categorized as low, which implies that the data supporting this estimation may not be robust. This is further underscored by the reliance on just seven recent HDB resale transactions in the vicinity, which may not provide a comprehensive picture of market dynamics. As the remaining lease diminishes, potential buyers may exhibit heightened sensitivity to lease duration, impacting their willingness to pay a premium. In this context, the valuation reflects both the strength of Queenstown as a desirable location and the inherent challenges posed by the property’s lease term.