3 Room HDB for Rent in 513 Jurong West Street 52

The valuation of the HDB 3 Room property located in Jurong West, with a remaining lease of 57 years, presents a calculated estimated value of $169,060, translating to a price per square foot (PSF) of $483. This valuation indicates a market price that is in alignment with the baseline, exhibiting a 0% variance. This stability in pricing suggests a balanced demand and supply scenario in the Jurong West area, which is significant given the current market dynamics.

However, it is crucial to note that the model confidence for this valuation is categorized as low, primarily due to the reliance on only one recent HDB resale transaction within the vicinity. This limited transactional data may not fully encapsulate the market sentiment or the potential variations in property values influenced by factors such as lease duration and surrounding infrastructure developments. As the remaining lease term is a critical component in HDB valuations, prospective buyers should weigh the longevity of the lease against their investment horizon, especially in a competitive market where leasehold properties are subject to depreciation as they approach the end of their lease term.