5 Room (5I) HDB for Sale in 94 Havelock Road

The HDB 5-room property located in Queenstown, with a remaining lease of 56 years, has been appraised at an estimated value of $950,789, translating to a price per square foot (PSF) of $749. This valuation places the property notably above the market baseline, reflecting a significant premium of 29.4%. Such a robust valuation underscores the desirability of Queenstown as a residential locale, characterized by its strategic location and vibrant community amenities, which have consistently attracted buyers despite the impending lease decay.

Our analysis, grounded in a thorough examination of 145 recent HDB resale transactions in the vicinity, reveals a high model confidence in this valuation. The data indicates a strong demand for larger HDB units in established estates, particularly those that offer convenient access to public transportation and reputable schools. As urbanization continues to shape Singapore's real estate landscape, properties like this one in Queenstown are likely to retain their appeal, making them a compelling option for both homeowners and investors looking for long-term capital appreciation.