3 Room (3STD) HDB for Rent in 9 Selegie Road

The valuation of this 3-room HDB unit in the Central Area reflects a nuanced understanding of the current real estate landscape, particularly in the context of its remaining lease of 36 years. The estimated value stands at $276,124, translating to a price per square foot (PSF) of $443. This valuation indicates a stable market position, as evidenced by the reported market price showing no deviation from the baseline. Such stability often signifies a balanced demand and supply dynamic, particularly in a location as coveted as the Central Area.

Moreover, the model confidence is rated as medium, which suggests that while the valuation is informed by a solid dataset—specifically, nine recent HDB resale transactions in the vicinity—there may be underlying market fluctuations or external factors that could impact future price movements. The remaining lease of 36 years is a critical aspect for potential buyers, as it influences both the perceived value and the long-term investment potential of the property. Overall, this HDB valuation encapsulates the intricacies of the Central Area’s real estate market, where the interplay of lease duration and current market trends plays a pivotal role in shaping property values.