3 Room (3I) HDB for Sale in 21 Ghim Moh Road

The valuation for the HDB 3-room unit in the Central Area, with a remaining lease of 49 years, stands at an estimated value of $391,019, translating to a price per square foot of $559. This valuation is indicative of a robust demand in the region, as it reflects a notable premium of 9.5% above the baseline market value. Such a strong market signal suggests that buyers are willing to pay a premium for the strategic location and amenities that the Central Area offers, which often includes proximity to essential services, public transport, and urban conveniences.

Our analysis, based on 204 recent HDB resale transactions in the vicinity, demonstrates a high confidence in this model's accuracy. The extended lease of 49 years, while presenting a longer-term investment horizon, still aligns with buyer preferences for properties that offer both immediate utility and future growth potential. The Central Area's unique market dynamics, characterized by limited supply and high demand, further reinforce the desirability of this property. As urbanization continues to shape Singapore's landscape, such HDB units are likely to remain attractive to prospective homeowners and investors alike.