3 Room (3NG) HDB for Sale in 510 West Coast Drive

The valuation of the 3-room HDB flat located in Clementi, with a remaining lease of 51 years, stands at an estimated value of $282,836, equating to $392 PSF. This valuation is notable as it emerges above the market baseline by 46.7%, indicating a significant premium over comparable properties in the vicinity. Such a disparity suggests a robust demand for HDB flats in this well-established residential area, which is characterized by its strategic location and accessibility to essential amenities and public transport.

The model confidence associated with this valuation is categorized as medium, reflecting a degree of variability in market conditions, yet it is bolstered by the analysis of 11 recent HDB resale transactions within the same locale. The elevated valuation aligns with current market signals indicating a strong buyer interest in HDB properties, particularly as they relate to the remaining lease period. As potential purchasers weigh the implications of lease duration on property value, the 51-year lease may still be perceived favorably, especially for those seeking to secure housing in a highly sought-after area like Clementi.