3-Room HDB for Room Rent: 120 Marsiling Rise

The valuation of the 3-room HDB unit in Woodlands, with a remaining lease of 57 years, stands at an estimated value of $88,164, translating to $441 per square foot. This valuation is grounded in a robust analytical framework, leveraging data from 104 recent HDB resale transactions in the vicinity, which provides a comprehensive picture of the current market dynamics and pricing trends. The model confidence is rated as high, reflecting the reliability of the data and the soundness of the valuation methodology employed.

Notably, the market signal indicates a 0% difference from the baseline pricing, suggesting that the property is accurately priced in line with market expectations. This equilibrium indicates a stable demand for HDB properties in the Woodlands area, which can be attributed to various factors, including the strategic location and the ongoing development initiatives in the region. As the remaining lease is significant at 57 years, this factor plays a crucial role in maintaining the property’s value, ensuring that it remains an appealing investment for potential buyers who are keen on securing a foothold in a well-established neighbourhood.