3 Room (3I) HDB for Rent in 3 Tanjong Pagar Plaza

The valuation of the HDB 3-room unit in Singapore's Central Area, with a remaining lease of 50 years, stands at an estimated $390,265, translating to a price per square foot (PSF) of $615. This valuation reflects a market signal indicating a steady position, with a 0% difference from the baseline, suggesting that the property is currently aligned with prevailing market conditions. Such stability may attract buyers looking for a well-located unit with a reasonable remaining lease, particularly in a district known for its accessibility and vibrant urban living.

Analysis of recent resale transactions—specifically nine comparable sales in the vicinity—indicates a medium level of model confidence in this valuation. The consistent performance of HDB properties in the Central Area, coupled with the demographic demand for housing in urban centers, reinforces the notion that properties in this locale are resilient to market fluctuations. As the remaining lease approaches 50 years, prospective buyers should consider the potential for future lease decay while also weighing the benefits of living in a prime location that promises continued appeal.