3-Room HDB for Room Rent: 663A Punggol Drive

The valuation of the 3-room HDB unit in Punggol, with a remaining lease of 88 years, stands at an estimated value of $101,220, equating to a price per square foot (PSF) of $785. This valuation reflects a market price that shows no deviation from the established baseline, indicating a stable price environment in the Punggol region. The median confidence level of this model is categorized as medium, suggesting that while the analysis is informed by recent market activities, fluctuations could still occur based on broader economic conditions and shifts in buyer sentiment.

Recent data derived from eight comparable HDB resale transactions in the vicinity supports this valuation, indicating a consistent demand for HDB properties in Punggol. The remaining lease of 88 years is particularly advantageous, as it positions the unit favorably among prospective buyers who prioritize longevity in ownership. The area's appeal is further underscored by its accessibility and burgeoning amenities, contributing to a resilient property market. In conclusion, the current valuation not only aligns with the prevailing market conditions but also reflects the intrinsic value of long-term leasehold properties in a dynamic urban landscape.