3-Room HDB for Room Rent: 2 Jalan Batu

The valuation of the HDB 3-room unit located in the Central Area reflects a calculated estimated value of $58,925, translating to a price per square foot (PSF) of $421. This assessment draws from a robust analysis of 11 recent HDB resale transactions within the vicinity, providing a comprehensive understanding of current market dynamics. The property enjoys a remaining lease of 36 years, which is a pivotal factor influencing both its valuation and desirability among potential buyers.

Notably, the market signal indicates a 0% difference from the baseline price, suggesting that the property is positioned at a competitive market rate. This equilibrium implies that while there may be fluctuations in demand, the property’s value is stable relative to similar units in the area. The model confidence is assessed as medium, reflecting a balanced outlook that takes into account the nuances of the local real estate landscape. As such, prospective buyers and investors should consider the implications of the remaining lease, market conditions, and transaction trends when evaluating the potential of this HDB unit.