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

The valuation of the HDB 3-room property located in Singapore's Central Area, with a remaining lease of 50 years, is estimated at $390,265, translating to a price per square foot (PSF) of $615. This valuation reflects a market signal indicating no deviation from the baseline price, suggesting a stable demand for HDB properties in this sought-after locale. The Central Area remains a prime residential zone, characterized by its proximity to key amenities, efficient public transport, and vibrant urban lifestyle offerings, all of which contribute to the sustained interest in the market.

Analyzing the recent activity, our model draws on nine recent HDB resale transactions within the vicinity to establish a robust comparative framework. The medium confidence level indicates a reasonable degree of uncertainty, yet the consistency in pricing trends reinforces the property’s competitive standing. With a remaining lease of 50 years, buyers are advised to consider the implications of lease decay, though the central location may mitigate concerns over longevity for many potential purchasers. Overall, this property represents a compelling opportunity within a stable market environment, appealing to both first-time buyers and investors alike.