28 Shanghai Road 248196, Chatsworth, Central Region, Singapore
$3,900 /month
D10 - Tanglin
Great World MRT
1 January 2005
Small (66 units)
66 units
1 Block, 20 Floors
Fortune Development Pte Ltd
Studio 3 has a total of 66 units, from 1 Bed - 1 Bath to 2 Bed - 2 Bath units. There are 10 types of floor plans from 548 sqft to 1,527 sqft.
Studio 3 has 1 block and up to 20 storeys.
Studio 3 is a freehold Condo Apartment located in Tanglin, District 10. Completed in 2005, it has a total of 1 blocks within the development and comprises a total of 66 units. It is within walking distance to MRT stations such as Great World MRT and Great World MRT, which provide residents easy access to other areas of Singapore. For young couples or families with children, Studio 3 is also close to schools like Little Stars Music School, Kay Poh Road Baptist Kindergarten and Safari House Preschool River Valley. If you're wondering about what you can do around the area, residents can head to nearby supermarkets like Cold Storage - Great World City and FairPrice Bukit Ho Swee for groceries and household products. Never worry about your health emergencies or regular health checkups with access to nearby clinics such as Q Medical Clinic. Singapore Post - Alexandra Branch is the nearest post office where you can get your postal services done. For your leisure and entertainment, head down to the local park - Let's dress up and travel together, to enjoy some fresh air.
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Total Transactions
11
Average Price
S1.5M
Total Value
S16.2M
Calculating fair value from URA transaction data…


License: L3002382K
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Estimated sale value based on 14 HDB resale transactions (data.gov.sg)
Fair Value
S$369,890
S$674 psf
Asking Price
S$3,900
S$8 psf
Listing Type
Rental
Sale value shown for reference
vs Last Done
Not applicable
Cannot compare rent to sale psf
Tenure
78 yrs
99-year Leasehold · Balance remaining
Confidence
Medium
14 comps
Nearest MRT
Tiong Bahru
1048m away
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
14 comparable transactions
S$642
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×1.050
MRT Proximity
Within 500m / 1km
0%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$674
Recent Comparable Transactions
10 shown · 14 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneNov 2025 | Blk 10 JLN KUKOH Floor 04 TO 06 | 570sqft | S$320,000 | ▼S$561 -16.8% vs FV | 99yr from 1971 |
Nov 2025 | Blk 10 JLN KUKOH Floor 04 TO 06 | 570sqft | S$320,000 | ▼S$561 -16.8% vs FV | 99yr from 1971 |
Nov 2025 | Blk 32 NEW MKT RD Floor 07 TO 09 | 560sqft | S$390,000 | ▲S$697 +3.4% vs FV | 99yr from 1983 |
Sep 2025 | Blk 9 JLN KUKOH Floor 07 TO 09 | 581sqft | S$320,000 | ▼S$551 -18.2% vs FV | 99yr from 1982 |
Sep 2025 | Blk 32 NEW MKT RD Floor 07 TO 09 | 560sqft | S$395,000 | ▲S$706 +4.7% vs FV | 99yr from 1983 |
Aug 2025 | Blk 8 JLN KUKOH Floor 10 TO 12 | 581sqft | S$320,000 | ▼S$551 -18.2% vs FV | 99yr from 1971 |
Aug 2025 | Blk 9 SELEGIE RD Floor 04 TO 06 | 484sqft | S$370,000 | ▲S$764 +13.4% vs FV | 99yr from 1974 |
Jun 2025 | Blk 32 NEW MKT RD Floor 07 TO 09 | 560sqft | S$393,333 | ▲S$703 +4.3% vs FV | 99yr from 1983 |
May 2025 | Blk 9 SELEGIE RD Floor 07 TO 09 | 484sqft | S$370,000 | ▲S$764 +13.4% vs FV | 99yr from 1974 |
Apr 2025 | Blk 10 JLN KUKOH Floor 10 TO 12 | 570sqft | S$318,888 | ▼S$559 -17.1% vs FV | 99yr from 1971 |
Feb 2025 | Blk 32 NEW MKT RD Floor 07 TO 09 | 560sqft | S$391,888 | ▲S$700 +3.9% vs FV | 99yr from 1983 |
Blk 10 JLN KUKOH
Nov 2025 · Floor 04 TO 06
-16.8% vs FV
Blk 10 JLN KUKOH
Nov 2025 · Floor 04 TO 06
-16.8% vs FV
Blk 32 NEW MKT RD
Nov 2025 · Floor 07 TO 09
+3.4% vs FV
Blk 9 JLN KUKOH
Sep 2025 · Floor 07 TO 09
-18.2% vs FV
Blk 32 NEW MKT RD
Sep 2025 · Floor 07 TO 09
+4.7% vs FV
Blk 8 JLN KUKOH
Aug 2025 · Floor 10 TO 12
-18.2% vs FV
Blk 9 SELEGIE RD
Aug 2025 · Floor 04 TO 06
+13.4% vs FV
Blk 32 NEW MKT RD
Jun 2025 · Floor 07 TO 09
+4.3% vs FV
Blk 9 SELEGIE RD
May 2025 · Floor 07 TO 09
+13.4% vs FV
Blk 10 JLN KUKOH
Apr 2025 · Floor 10 TO 12
-17.1% vs FV
Blk 32 NEW MKT RD
Feb 2025 · Floor 07 TO 09
+3.9% vs FV
HELIOS AI Analysis
The valuation of this HDB 2-room unit in Singapore's Central Area, with a remaining lease of 78 years, stands at an estimated value of $369,890, equating to a price per square foot (PSF) of $674. This assessment is grounded in a thorough analysis of 14 recent HDB resale transactions within the vicinity, providing a robust comparative framework for our evaluation. The zero percent deviation from the baseline market price signals a stabilization in the local housing market, suggesting that demand remains consistent, while supply dynamics are equally balanced.
With a medium level of model confidence, it is vital to consider the implications of the remaining lease term on long-term value appreciation. Properties with longer leases typically command higher premiums, and the 78-year remaining lease offers a reasonable buffer against depreciation risks often associated with shorter leases. Furthermore, the Central Area's continued attractiveness due to its strategic location, coupled with urban development initiatives, positions this property favorably for potential capital appreciation. As such, this HDB unit not only serves as a functional living space but also as a strategic investment opportunity within Singapore's evolving real estate landscape.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.