3-Room HDB for Room Rent: 30 Kelantan Road

The valuation of the HDB 3 Room unit in the Central Area reflects a nuanced interplay of market dynamics, leasehold considerations, and recent transaction data. With a remaining lease of 50 years, this property is currently estimated at $32,606, equating to $543 per square foot. This price positions the unit at a critical juncture within the local real estate market, as it maintains a market price that represents a 0% difference from the baseline valuation. This stability suggests a careful balance between buyer sentiment and the inherent value of properties in this sought-after locale.

However, the low confidence level associated with this model indicates potential volatility in the market, influenced by broader economic trends and buyer preferences. The analysis is substantiated by five recent HDB resale transactions in the vicinity, which serve as a reference point for understanding the pricing landscape. Investors and homeowners should proceed with caution, weighing the implications of the remaining lease period alongside the current market signals. As the property landscape evolves, a keen eye on these metrics will be essential for making informed decisions in the Central Area’s dynamic real estate environment.