3-Room HDB for Room Rent: 220B Tengah Garden Walk

The valuation of the HDB 3-room unit in Choa Chu Kang, with a remaining lease of 97 years, stands at an estimated value of $56,650, translating to a price per square foot (PSF) of $629. This valuation is particularly significant as it reflects a market price that is aligned with the baseline, indicating a stable demand within this segment of the HDB market. The zero percent difference from the baseline suggests that the property is positioned firmly within the current market dynamics, with a high degree of model confidence derived from an analysis of 151 recent HDB resale transactions in the vicinity.

In the context of the broader property landscape, this valuation underscores the resilience of the HDB market in Choa Chu Kang, particularly given its proximity to essential amenities and transport links. The remaining lease of 97 years further enhances the attractiveness of this property, providing potential buyers with long-term security and peace of mind. As market conditions evolve, this property remains a compelling option for both investors and owner-occupiers, reflecting the healthy equilibrium in supply and demand within the region.