3 Room (3I) HDB for Sale in 3 Beach Road

The valuation of the HDB 3 Room property located in the Central Area, with a remaining lease of 52 years, stands at an estimated value of $467,237, equating to a price per square foot (PSF) of $639. This valuation reflects a market price that is 3.8% above the baseline, indicating a modest yet positive trend in the local HDB resale market. The relatively close alignment to the baseline suggests that while there is upward pressure on prices, the market remains stable and competitive. This is particularly noteworthy given the central location, which typically commands a premium due to its proximity to amenities, transport links, and employment hubs.

The model confidence for this valuation is categorized as medium, influenced by the analysis of 9 recent HDB resale transactions within the vicinity. This sample size provides a reliable snapshot of prevailing market conditions, though it does suggest some variability in buyer sentiment and pricing dynamics. The remaining lease of 52 years plays a critical role in the valuation process; properties with shorter leases may deter some buyers, yet the Central Area's desirability may mitigate these concerns for potential investors and homeowners seeking long-term residency. As the market continues to evolve, this property exemplifies the intricate balance between lease duration and market demand in shaping HDB valuations.