3-Room HDB for Room Rent: 213 Boon Lay Place

The valuation of the HDB 3 Room in Jurong East, with a remaining lease of 47 years, stands at an estimated value of $31,533, translating to a price per square foot (PSF) of $300. This figure reflects a stable market signal, as it registers a 0% difference from the baseline, indicating that the property is priced in alignment with recent market trends. The valuation is derived from a thorough analysis of 17 recent HDB resale transactions within the vicinity, underscoring the reliability of this estimate.

Despite the medium confidence level in the model, the property's price stability suggests a balanced demand and supply scenario in the Jurong East area. The remaining lease of 47 years is a crucial factor for potential buyers, as HDB properties with shorter leases may face depreciation in value. However, given the competitive pricing and the area's ongoing development initiatives, this HDB unit presents a viable opportunity for both investment and homeownership in a thriving precinct of Singapore.