3 Room (3NG) HDB for Rent in 241 Jurong East Street 24

The valuation of the HDB 3 Room property in Jurong East, with a remaining lease of 59 years, stands at an estimated value of $349,572, translating to a price per square foot (PSF) of $485. This valuation is derived from an analysis of 11 recent resale transactions in the vicinity, providing a robust benchmark for understanding current market dynamics. Notably, the property’s market signal indicates a 0% difference from the baseline, suggesting that the current asking price aligns well with prevailing market conditions, reflecting a stable demand for HDB units in this sought-after location.

With a medium model confidence rating, this valuation underscores the significance of the remaining lease term in influencing buyer sentiment and price elasticity. Jurong East has consistently demonstrated resilience in its property market, attributed to its strategic location and ongoing infrastructural developments, such as the impending Jurong Region Line. As such, potential buyers are likely to perceive the property as a sound investment, especially given the competitive pricing amidst a backdrop of limited supply in the vicinity. This analysis serves as a critical guide for stakeholders navigating the evolving landscape of Singapore's HDB market.