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

The valuation of the HDB 3 Room unit 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 is notably positioned above the market baseline, with an impressive 81.9% differential, indicating a robust demand for properties in this coveted locale. Such a significant premium reflects the enduring appeal of central living, particularly amidst ongoing urban development and revitalization efforts in Singapore's core.

With a model confidence rated as medium and based on nine recent HDB resale transactions in the vicinity, this valuation underscores the dynamic market conditions that characterize the Central Area. The relatively shorter remaining lease underscores a critical consideration for potential buyers, who must weigh the implications of leasehold duration against the premium associated with central living. As demand continues to outpace supply, particularly for HDB units in prime locations, investors and homeowners alike should remain cognizant of the evolving market dynamics that could influence future valuations in this vibrant sector.