3-Room HDB for Room Rent: 108 Commonwealth Crescent

The valuation of the HDB 3-room property in Queenstown, with a remaining lease of 37 years, stands at an estimated value of $33,392, translating to a price per square foot (PSF) of $334. This valuation reflects a market price that is consistent with the baseline, indicating a neutral stance in terms of market dynamics. The stability in pricing suggests that the property is currently aligned with the prevailing market trends, as evidenced by the absence of any significant deviations from the baseline valuation.

However, it is important to note that the model confidence for this valuation is categorized as low, primarily due to the limited data set available—drawing insights from only one recent HDB resale transaction in the vicinity. This scarcity of transactional data may impact the reliability of the valuation, emphasizing the need for potential buyers and investors to exercise caution. As leasehold properties such as this one in Queenstown approach their mid-life tenure, the dynamics of demand and supply, alongside the remaining lease duration, will play a critical role in shaping future market performance. Investors should consider these factors in conjunction with broader market trends when evaluating this property.