3-Room HDB for Room Rent: 1 Ghim Moh Road

The valuation of the HDB 3-room property located in the Central Area, with a remaining lease of 48 years, stands at an estimated value of $87,088, translating to a price per square foot (PSF) of $581. This valuation reflects a market signal indicating stability, with a 0% difference from the baseline price. Such a scenario suggests a balanced demand and supply equilibrium in the current market, potentially driven by the strategic location of the property within the highly sought-after Central Area.

However, it is crucial to note that the model confidence for this valuation is categorized as low, raising questions about the robustness of the data underlying this estimate. The analysis is based on six recent HDB resale transactions in the vicinity, which, while providing some insights into market trends, may not fully encapsulate the broader dynamics at play. The property’s relatively short lease of 48 years further complicates its valuation, as buyers often factor in lease tenure when making purchasing decisions. As the market continues to evolve, stakeholders should remain vigilant about changes in buyer sentiment and the overall economic landscape, which could significantly impact future valuations.