3 Room (3I) HDB for Rent in 2 Tanjong Pagar Plaza

The valuation of the HDB 3 Room property located in the Central Area, with a remaining lease of 50 years, stands at an estimated value of $390,265, translating to a price per square foot (PSF) of $615. This valuation reflects a market signal indicating no deviation from the baseline pricing, suggesting a stable demand within this specific segment of the HDB market. The absence of fluctuation in market price underscores a balanced equilibrium between buyers and sellers, indicating that the property is accurately priced in line with current market conditions.

With model confidence rated as medium, this valuation is supported by an analysis of 9 recent HDB resale transactions in the vicinity, which provide a robust dataset for establishing the property's market position. The remaining lease term of 50 years is a critical factor influencing buyer sentiment and investment potential. As leasehold properties mature, their value dynamics can shift; however, the Central Area's desirability consistently attracts interest, mitigating concerns regarding the remaining lease. In summary, this property represents a sound investment opportunity within a sought-after locale, characterized by steady market performance and intrinsic value from its prime location.