3 Room (3NG) HDB for Rent in 313 Shunfu Road

The valuation of the HDB 3-room unit in Ang Mo Kio, with a remaining lease of 58 years, stands at an estimated value of $356,415, equating to a price per square foot (PSF) of $495. This valuation reflects a market price that is consistent with the baseline, indicating a stable pricing environment in this well-established residential precinct. The absence of any deviation from the baseline suggests a balanced supply and demand dynamic, underpinned by the area's enduring appeal and accessibility.

Analyzing the recent transactions in the vicinity, where eight comparable HDB resale units were assessed, provides a reliable benchmark for determining value. The medium confidence level associated with this model reinforces the importance of considering both the remaining lease term and the local market conditions. As leasehold properties in Singapore are subject to diminishing value as the lease term decreases, the remaining 58 years offers a significant window for potential homeowners and investors. This particular valuation underscores the significance of location, demographic trends, and the inherent desirability of Ang Mo Kio, making it a noteworthy consideration for prospective buyers navigating the HDB market.