3 Room (3NG) HDB for Rent in 102 Jurong East Street 13

The valuation of the 3-room HDB property located in the vibrant Jurong East district reflects a nuanced understanding of the current market dynamics, particularly in relation to the remaining lease of 55 years. At an estimated value of $346,157, equating to a price per square foot of $479, this property stands at a pivotal junction within the local real estate landscape. The analysis, grounded in 16 recent HDB resale transactions in the vicinity, indicates a market price that is in equilibrium with the baseline, showing a 0% difference. This stability suggests a well-functioning market where demand and supply are effectively balanced.

It is important to note that the model confidence is assessed as medium, indicating a reasonable degree of certainty in the valuation, albeit with some variability inherent in the market. Given the remaining lease of 55 years, potential buyers must weigh the implications of lease decay against the property’s current market value. As Jurong East continues to evolve as a key commercial and residential hub, the long-term potential of this property remains significant, particularly for those looking to invest in a region poised for growth and infrastructural development.