3 Room (3A) HDB for Rent in 490 Jurong West Avenue 1

The valuation of the HDB 3-room unit located in Jurong West, with a remaining lease of 56 years, stands at an estimated value of $364,450, translating to a price per square foot (PSF) of $464. This valuation is notable as it indicates a market price that reflects a 0% difference from the baseline, suggesting that the property is currently positioned at its expected market equilibrium. This stability in pricing is indicative of a balanced supply-demand dynamic within the Jurong West vicinity, which is supported by recent transactional data.

However, the model confidence associated with this valuation is categorized as low, which warrants a cautious interpretation. The reliance on only two recent HDB resale transactions for comparative analysis may limit the robustness of the valuation. As the market evolves, fluctuations in lease duration and buyer sentiment can significantly impact future valuations, particularly for properties with longer remaining lease terms. Investors and homeowners alike should remain vigilant of broader market trends and emerging data to make informed decisions in this competitive landscape.