3 Room (3STD) HDB for Sale in 89 Commonwealth Drive

The HDB 3 Room property located in the highly sought-after Queenstown area, with a remaining lease of 38 years, has been appraised at an estimated value of $417,754, which translates to a price per square foot (PSF) of $562. This valuation reflects a market signal indicating a 2.3% difference from the baseline, a subtle yet notable indication of the current market dynamics at play. Given Queenstown's strategic location and its well-established amenities, this property stands as a competitive option within the HDB resale market.

The model confidence for this valuation is classified as medium, based on a comprehensive analysis of 15 recent HDB resale transactions in the vicinity. This dataset reinforces the valuation's robustness, as it encapsulates varying factors such as location desirability, remaining lease tenure, and market trends. In the context of Singapore's evolving real estate landscape, properties in mature estates like Queenstown continue to exhibit resilience, partly due to their proximity to key infrastructure and an increasing demand for urban living. As such, potential buyers and investors should consider this valuation as a reflection of both current market conditions and future growth potential.