3 Room (3I) HDB for Sale in 2 Ghim Moh Road

The valuation of this HDB 3 Room unit located in the Central Area, with a remaining lease of 49 years, has been estimated at $408,978, translating to a price per square foot (PSF) of $585. This valuation reflects a market signal indicating a 2.2% difference from the baseline price, suggesting a moderate yet positive reception in the current housing market dynamics. The property benefits from its strategic location, which is a significant driver of demand in the Central Area, despite the reduced lease term.

Our analysis is supported by data from 9 recent HDB resale transactions in the vicinity, which provides a robust comparative framework for evaluating this unit's market position. The medium confidence level in this model indicates a reasonable predictability based on existing market trends; however, potential buyers should remain cognizant of the implications of the remaining lease on long-term investment value. Given the inherent demand for properties in the Central Area, this HDB unit presents a compelling opportunity for buyers seeking urban convenience, though careful consideration of lease longevity is essential in the context of future resale potential.