3 Room (3I) HDB for Rent in 116 Lorong 2 Toa Payoh

The valuation of the HDB 3 Room unit in Toa Payoh, with a remaining lease of 41 years, stands at an estimated value of $42,750, translating to a price per square foot (PSF) of $356. This valuation indicates a stable market position, as it reflects a 0% difference from the baseline market price, suggesting that the unit is competitively priced within its local context. Given the historical significance of Toa Payoh as a mature estate with well-established amenities and transport links, the valuation aligns well with the region's market dynamics.

The model confidence for this valuation is classified as medium, supported by an analysis of 12 recent HDB resale transactions in the vicinity. This sample size provides a substantive basis for understanding current pricing trends and demand levels in the area. The relatively stable price point may suggest a balanced market where buyers and sellers are negotiating effectively, reflecting the enduring appeal of HDB living in this sought-after district. Additionally, the remaining lease of 41 years presents both opportunities and considerations for potential buyers, as the duration of the lease can impact future resale potential and buyer sentiment.