3-Room HDB for Room Rent: 446A Punggol Way

The recent valuation of the HDB 3-room unit in Punggol, with a remaining lease of 97 years, stands at an estimated value of $166,122, translating to a price per square foot (PSF) of $831. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand within the area. A thorough analysis of ten recent HDB resale transactions in the vicinity supports this valuation, showcasing the resilience of the Punggol market despite the broader fluctuations observed in Singapore's real estate landscape.

The medium confidence level in this valuation suggests that while the data correlates effectively with recent market activity, there are underlying factors that could influence future pricing. Notably, Punggol has been recognized for its vibrant community development and proximity to essential amenities, which play a crucial role in sustaining property values. As the area continues to evolve, driven by infrastructural upgrades and urban planning initiatives, the longevity of the lease at 97 years enhances the attractiveness of this property, further solidifying its position within the market.