3 Room (3STD) HDB for Rent in 210 Boon Lay Place

The evaluated HDB 3-room property located in Jurong East, with a remaining lease of 47 years, presents an estimated value of $274,166, translating to a price per square foot of $392. This valuation is anchored by a robust analysis derived from 19 recent HDB resale transactions within the vicinity, which reflect current market dynamics and buyer sentiment. The property’s market price shows a neutral stance, with a 0% difference from the established baseline, indicating stability in this segment of the HDB market.

Considering the remaining lease of 47 years, it is essential to contextualize the implications of lease duration on property value. In Singapore's real estate landscape, properties with shorter leases may face depreciation in value, particularly as they approach the end of their lease term. However, the current valuation reflects a balanced market where buyers are still willing to invest in properties with a moderate lease remaining. The model’s confidence rating is medium, suggesting that while the data is reliable, factors such as evolving market conditions and policy changes could influence future valuations. Investors and homeowners should consider these dynamics carefully when evaluating their position in the Jurong East area.