3-Room HDB for Room Rent: 167 Stirling Road

The valuation of the HDB 3-room unit in Queenstown, with a remaining lease of 43 years, positions it at an estimated value of $2,895, translating to a price per square foot (PSF) of $322. This valuation reflects a market price that is consistent with the baseline, indicating a stability in demand within this sought-after residential enclave. Queenstown, known for its strategic location and robust community amenities, continues to attract attention from both first-time homebuyers and investors alike, contributing to a resilient property market.

However, the model confidence for this valuation is noted to be low, which suggests some caution should be exercised. The assessment is based on six recent HDB resale transactions in the vicinity, highlighting the necessity to consider broader market dynamics that may influence future pricing trends. As the remaining lease diminishes, potential buyers may factor in the long-term implications on value retention. Investors should be mindful of the leasehold nature of HDB properties and how it could impact their investment strategy in the coming years.