3 Room (3A) HDB for Sale in 15 Farrer Park Road

The valuation of the HDB 3 room unit located in the Central Area reflects a robust market position, with an estimated value of $558,232 or $837 PSF. This pricing indicates a significant premium, being 16.2% above the baseline market value. Such a divergence from the average suggests a strong demand for properties within this coveted district, characterized by its accessibility to urban amenities and vibrant lifestyle offerings. The remaining lease of 77 years further enhances its attractiveness, as prospective buyers tend to favor HDBs with prolonged lease durations, minimizing concerns around lease decay.

The model confidence for this valuation is classified as high, supported by an extensive analysis of 154 recent HDB resale transactions in the vicinity. This data-driven approach underscores the prevailing market dynamics, where demand outstrips supply, particularly for properties in central locations. Investors and homeowners alike may find this HDB unit to be a strategic asset, not only for its immediate living benefits but also for its potential value appreciation in the years to come as urban development continues to bolster the desirability of the Central Area.