3-Room HDB for Room Rent: 90 Commonwealth Drive

The valuation of the 3-room HDB unit in Queenstown, with a remaining lease of 38 years, stands at an estimated value of $75,039, equating to a price per square foot (PSF) of $625. This valuation is particularly noteworthy as it reflects a market price that is aligned with the baseline, indicating a stable demand within this segment of the HDB market. The absence of any deviation from the baseline suggests that the property’s valuation is consistently supported by the surrounding market dynamics.

Analyzing the recent transactions, the model confidence is categorized as medium, based on a dataset of 10 comparable HDB resale transactions in the vicinity. This level of confidence emphasizes a balanced perspective on the current market conditions, where factors such as location, lease duration, and comparable sales have been thoroughly considered. The Queenstown area remains a sought-after locale due to its strategic connectivity and proximity to amenities, which are crucial elements influencing property desirability and valuation stability.