3 Room (3STD) HDB for Rent in 83 Commonwealth Close

The valuation of the HDB 3 Room unit in Queenstown, with a remaining lease of 37 years, stands at an estimated value of $194,227, translating to $301 PSF. This valuation reflects a market price that shows a 0% difference from the baseline, indicating stability in the pricing dynamics within the local HDB market. The proximity to amenities and the desirable location of Queenstown contribute to maintaining this equilibrium, showcasing the area's resilience amidst varying market conditions.

Analysis based on 10 recent HDB resale transactions in the vicinity lends a medium confidence level to this valuation. This suggests that while there is some variability in price points, the clustering of transaction values around the estimated price indicates a consistent demand for HDB units in the area. The remaining lease of 37 years is a critical component of this valuation, as properties with longer leases typically command higher prices. However, the current valuation reflects a prudent assessment of market sentiment and buyer expectations, ensuring that potential investors are well-informed of the property’s standing in a competitive landscape.