3 Room (3NG) HDB for Rent in 215 Jurong East Street 21

The valuation of the HDB 3-room unit located in Jurong East, with a remaining lease of 75 years, stands at an estimated value of $400,593, translating to a price per square foot (PSF) of $560. This valuation reflects the current market dynamics, where the property exhibits a market price that is aligned with the baseline, indicating a stable market sentiment. However, it is noteworthy that this valuation is derived from a limited dataset, specifically a single recent HDB resale transaction in the vicinity, which introduces a degree of uncertainty in the model's confidence level, rated as low.

The Jurong East area is undergoing significant development and transformation, which could influence future property values positively. As such, while the current valuation remains static, the potential for appreciation exists, especially with the government's continued investment in infrastructure and amenities in the region. Buyers should consider both the immediate market conditions and the long-term growth trajectory of Jurong East when evaluating this property, recognizing the implications of the remaining lease on future resale opportunities.