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

The valuation of the 3-room HDB 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 price that is consistent with the baseline, indicating no significant fluctuations in demand or supply within this sector. The consistent market price suggests stability in the locality, yet the low model confidence denotes potential volatility or uncertainty in future valuations.

Analyzing the recent transactions, which include six comparable HDB resale properties in the vicinity, it is crucial to consider the implications of the remaining lease on the property’s desirability and overall market dynamics. Properties with shorter remaining leases often experience diminished interest, particularly from buyers seeking long-term investment stability. In this case, the 48-year lease remains a pertinent factor, as it may influence buyer perceptions and willingness to invest, particularly in a competitive urban environment such as Singapore.