3 Room (3I) HDB for Sale in 1 Ghim Moh Road

The valuation of this HDB 3-room property located in the Central Area, with a remaining lease of 49 years, stands at an estimated value of $408,978, equating to a price per square foot (PSF) of $585. This valuation reflects a market price that is 2.7% above the baseline, indicating a subtle yet significant upward trend in demand within this competitive segment of the HDB market. Such a premium, albeit modest, suggests that the property is perceived as a valuable asset, likely driven by its strategic location and the intrinsic advantages of urban living.

The model confidence for this valuation is categorized as medium, based on an analysis of 9 recent HDB resale transactions in the vicinity. This medium confidence level underscores the importance of considering both macroeconomic factors and localized market dynamics that can influence property values. As the remaining lease continues to decrease, potential buyers may weigh the implications of leasehold tenure against the property’s location and future resale potential. The sustainability of current market prices in the Central Area will largely hinge on ongoing demand, urban development plans, and the overall economic climate in Singapore.