3 Room (3I) HDB for Rent in 94 Commonwealth Drive

The valuation of the HDB 3 Room unit in Queenstown, with a remaining lease of 40 years, is estimated at $478,542 or $742 PSF. This valuation reflects a market price that shows a 0% difference from the baseline, indicating a stable market position for similar properties in this region. The low variance suggests that the property is accurately priced in accordance with current market conditions, although it also indicates a lack of upward momentum in resale prices, likely influenced by broader economic factors and buyer sentiment in the vicinity.

However, the model confidence in this valuation is rated as low, which is primarily derived from the analysis of only one recent HDB resale transaction in the area. This limited dataset may not fully capture the nuanced market dynamics that contribute to property values in Queenstown, a district known for its strategic location and accessibility. As such, prospective buyers and investors should approach this valuation with caution, considering the potential impact of external economic factors and the remaining lease term on future resale opportunities.