3-Room HDB for Room Rent: 801 French Road

The valuation of the HDB 3 Room unit in the Central Area, with a remaining lease of 51 years, stands at an estimated value of $78,434, equating to a price per square foot (PSF) of $603. This valuation reflects a stable market environment, with the current market price showing no deviation from the baseline, indicating a balanced supply and demand scenario in this sought-after locality.

With a model confidence rating of high, this valuation is substantiated by an analysis of 100 recent HDB resale transactions in the vicinity. The Central Area remains a magnet for both investors and homebuyers due to its strategic location and accessibility, which contributes to the resilience of property values despite the diminishing lease period. As the remaining lease continues to decline, potential buyers may weigh the long-term implications of ownership, yet the current stability in pricing suggests a robust confidence in the area’s market dynamics.