4 Room (4NG) HDB for Sale in 402 Pandan Gardens

The valuation of the HDB 4 Room unit in Jurong East, with a remaining lease of 51 years, presents an estimated value of $329,098, translating to a price per square foot of $315. This valuation is notably positioned 39.8% above the market baseline, indicating a significant premium in comparison to similar properties in the vicinity. Such a steep valuation suggests that the property may be influenced by unique attributes or demand factors that are not immediately reflected in the surrounding market dynamics.

However, it is essential to note that the model confidence for this valuation is classified as low, suggesting that there may be inherent uncertainties or variabilities affecting the accuracy of this estimate. The analysis is based on the review of four recent HDB resale transactions in the area, indicating a limited data set that may not fully capture the broader market trends. The remaining lease period of 51 years also adds a layer of complexity to the valuation, as properties with shorter leases typically experience declining interest over time, potentially impacting future resale opportunities. As such, while the current valuation reflects a strong market presence, prospective buyers should proceed with due diligence, considering both the lease duration and prevailing market conditions.