3 Room (3I) HDB for Rent in 124 Lorong 1 Toa Payoh

The subject property, a 3-room HDB unit located in the prime district of Toa Payoh, presents an estimated market value of $237,328, translating to a price per square foot (PSF) of $329. This valuation is notably anchored by the remaining lease of 41 years, which plays a crucial role in the property’s attractiveness and investment viability. Given the current market dynamics, the property has shown a market price alignment with a 0% difference from the baseline, indicating a stable valuation in the face of fluctuating market conditions.

Despite the seeming stability, the model confidence associated with this valuation is classified as low, influenced by the limited data set of only two recent resale transactions within the vicinity. This scarcity of comparable sales may introduce variability in the price point, suggesting that prospective buyers should exercise caution and conduct thorough due diligence. As leasehold properties generally depreciate as the remaining lease shortens, investors should consider the long-term implications of the lease duration on resale value and market demand, particularly in a neighborhood known for its vibrant community and accessibility.