3 Room (3A) HDB for Rent in 23 Teban Gardens Road

In the vibrant district of Jurong East, the valuation of the HDB 3 room unit with a remaining lease of 86 years stands at an estimated value of $519,070, translating to a price per square foot (PSF) of $670. This valuation reflects a market price that is effectively at parity with the baseline, indicating a stable demand for HDB properties in this region. The low variance from the baseline suggests that the property market in Jurong East is currently characterized by equilibrium, with neither buyers nor sellers exerting significant influence over price fluctuations.

However, the model confidence associated with this valuation is classified as low, which raises a flag regarding the robustness of the underlying data. This valuation is informed by an analysis of seven recent HDB resale transactions in the vicinity, which provides a limited yet relevant dataset. Given the remaining lease duration of 86 years, this property benefits from a substantial residual value that could appeal to prospective buyers seeking long-term habitation or investment opportunities. As the market continues to evolve, monitoring the dynamics of HDB leases and their impact on valuation will be crucial for stakeholders in this segment.