5 Room (5I) HDB for Sale in 48 Strathmore Avenue

The valuation of the 5-room HDB unit in Queenstown, with a remaining lease of 79 years, stands at an estimated value of $1,304,703, translating to a price per square foot (PSF) of $1,102. This valuation reflects a market price that is approximately 4.2% above the baseline, suggesting a moderate appreciation in the current market dynamics. However, the model confidence associated with this estimate is categorized as low, indicating potential volatility and uncertainty in the pricing trends within this precinct.

Analyzing the recent transactional data, this valuation is supported by only two recent HDB resale transactions in the vicinity, which may not provide a comprehensive overview of the market sentiment. Queenstown, being a mature estate with a rich mix of amenities and proximity to key transport links, continues to attract buyers; yet, with the remaining lease of 79 years, considerations surrounding lease decay and its impact on future resale value remain pertinent. Buyers are increasingly discerning, and the market signals suggest a cautious approach as they weigh the value propositions of remaining lease years against the backdrop of overall market performance.