3 Room (3NG) HDB for Sale in 313 Shunfu Road

The valuation of the 3-room HDB unit located in Ang Mo Kio, with a remaining lease of 58 years, stands at an estimated value of $359,863 or $499 PSF. This valuation indicates a significant market signal, being positioned above market expectations with a notable 61.2% difference from the baseline. This premium valuation is derived from a careful analysis of recent resale transactions in the vicinity, with 12 comparable sales providing a basis for our assessment.

The elevated market signal reflects the desirability of the Ang Mo Kio area, which is characterized by its strategic location, robust community amenities, and excellent connectivity. Such factors contribute to the sustained demand for HDB properties, even with a decreasing lease period. The model confidence associated with this valuation is rated as medium, suggesting that while there is a solid foundation for the estimation, fluctuations in market trends and buyer sentiment could influence future pricing dynamics. As we continue to observe the evolving real estate landscape, it is crucial for prospective buyers and investors to remain vigilant about lease durations and market conditions impacting HDB valuations.