3 Room (3A) HDB for Sale in 636 Veerasamy Road

The valuation of the HDB 3-room unit located in the Central Area, with a remaining lease of 58 years, reflects a striking estimated value of $452,656, equating to $584 per square foot. This valuation is notably positioned above the market baseline by 32.6%, indicating a premium that suggests strong demand dynamics within this central locale. Such a figure is indicative of a competitive market where buyers are willing to pay a premium for properties in sought-after areas, despite the diminishing leasehold period.

However, it is imperative to note that the model confidence in this valuation is categorized as low, based on the analysis of merely two recent HDB resale transactions in the vicinity. This limited dataset underscores the volatility and potential fluctuations in the market, suggesting that while the current valuation is elevated, it should be approached with caution. The unique characteristics of the Central Area, coupled with the remaining lease of 58 years, may attract specific buyer segments, yet the overall market sentiment could shift as lease duration increasingly becomes a focal point for prospective buyers.