3 Room (3NG) HDB for Sale in 309 Shunfu Road

The subject property, a 3-room HDB flat located in the well-established residential enclave of Ang Mo Kio, commands an estimated value of $360,397, translating to a price per square foot (PSF) of $500. With a remaining lease of 58 years, this valuation is particularly noteworthy as it reflects a robust market signal, indicating a premium of 52.6% above the baseline valuation for similar properties in the area. Such a significant deviation from the norm suggests heightened demand and investor confidence in this specific locality.

Our analysis draws on a comprehensive dataset comprising 467 recent HDB resale transactions in the vicinity, which reinforces the high model confidence in this valuation. The Ang Mo Kio area is renowned for its strategic location, connectivity, and amenities, contributing to sustained interest from both homeowners and investors. The extended lease period also plays a crucial role in enhancing the property's appeal, as buyers tend to favor units with longer lease tenures, mitigating concerns regarding lease decay. This combination of factors positions the property favorably within the competitive HDB market, underscoring its potential for future appreciation.