3 Room (3I) HDB for Rent in 3 Ghim Moh Road

The valuation of the 3-room HDB unit located in the Central Area, with a remaining lease of 49 years, stands at an estimated value of $412,055, translating to a price per square foot (PSF) of $589. This figure reflects a notable equilibrium in the current market, characterized by a market price that indicates a 0% difference from the baseline, suggesting a stable demand and supply dynamic in this sought-after locale.

Analyzing the recent market activity, the valuation is supported by a comprehensive review of 10 recent HDB resale transactions in the vicinity, providing a robust foundation for the estimated value. The medium confidence level in this model suggests reasonable predictability in the HDB market trends, particularly in the Central Area, where properties typically command higher premiums due to their strategic location and accessibility. As the remaining lease approaches the 50-year mark, potential buyers should consider the implications of lease tenure on future resale value and marketability, though the current valuation signifies a healthy market sentiment in this vibrant district.