2 Bed Walk-up Apartment (Condo) for Rent in Tiong Bahru Estate

The valuation of the HDB 4-room property located in Queenstown, with a remaining lease of 75 years, is pegged at an estimated value of $693,619, translating to approximately $694 PSF. This valuation reflects a market price that shows a 0% difference from the baseline, indicating a stable market condition for similar properties in the area. Such stability suggests that the demand for HDB flats in Queenstown remains consistent, driven by the location's accessibility and the community's appeal.

However, it is important to note that the model confidence for this valuation is categorized as low, which may be attributed to the limited data set derived from only three recent HDB resale transactions in the vicinity. This limited sample could impact the reliability of the estimated value, necessitating a cautious approach for potential buyers or investors. As the remaining lease period is a significant factor in HDB valuations, the 75-year lease offers a reasonable window for ownership, yet may also influence buyer sentiment in the long term as the lease diminishes. Stakeholders are advised to consider these dynamics carefully when evaluating investment opportunities in this vibrant locality.