3-Room HDB for Room Rent: 2 Jalan Batu

The valuation of the HDB 3-room unit located in the central area, with a remaining lease of 36 years, stands at an estimated value of $58,925, translating to a price per square foot (PSF) of $421. This valuation reflects a market signal that is perfectly aligned with the baseline, indicating that current pricing is stable and there are no significant fluctuations in demand or supply in this micro-market. The model confidence rating is classified as medium, suggesting that while the data is reliable, external factors may still influence future valuations and market movements.

This property is situated in a prime location, which typically commands higher resale prices due to its accessibility and proximity to essential amenities. The analysis is supported by recent HDB resale transactions within the vicinity, with 11 comparable sales providing a solid foundation for the estimated value. It is important to note that the remaining lease of 36 years may play a crucial role in future resale potential, as properties with shorter leases can sometimes face depreciation in value as they approach the end of their lease term.