3 Room (3A) HDB for Rent in 21 Ghim Moh Road

The valuation of the HDB 3-room property located in Singapore's Central Area, with a remaining lease of 49 years, stands at an estimated value of $391,417 or $559 PSF. This valuation is particularly noteworthy given the current market conditions, which reflect a stable pricing environment, as indicated by the market price showing a 0% difference from the baseline. Such stability suggests that the property is positioned well within the competitive landscape, appealing to both first-time buyers and investors alike.

The model confidence in this valuation is categorized as high, supported by an extensive analysis of 99 recent HDB resale transactions in the vicinity. This robust dataset provides a comprehensive understanding of market dynamics, reinforcing the valuation's accuracy. The remaining lease of 49 years is a critical factor in the overall assessment, as properties with shorter leases often face depreciation in value. However, the Central Area's enduring demand and strategic location play a crucial role in maintaining market interest, ultimately supporting the property's valuation.