3-Room HDB for Room Rent: 991B Upper Jurong Road

The valuation for the 3 Room HDB located in Jurong East, with a remaining lease of 96 years, has been estimated at $201,084, translating to a price per square foot (PSF) of $804. This valuation is particularly notable as it reflects a market price that is consistent with the baseline, indicating a stable demand for properties in this region. The absence of price fluctuations suggests a well-balanced market where supply meets buyer expectations, which is essential for long-term investment viability.

Based on an analysis of 13 recent HDB resale transactions in the vicinity, the model confidence is assessed as medium, suggesting a reasonable degree of reliability in the valuation derived from current market dynamics. Jurong East remains a strategic location within Singapore, benefitting from ongoing urban development and infrastructure improvements that enhance its appeal. As a result, HDB properties with extended leases, such as this one, are likely to maintain their value, making it a prudent consideration for both homeowners and investors looking to capitalize on the resilience of Singapore's public housing market.