3-Room HDB for Room Rent: 87 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 $124,520, translating to a price per square foot (PSF) of $623. This valuation reflects a market price that is in alignment with baseline expectations, indicating a stable market condition with no significant fluctuations in value. Such stability is noteworthy in the context of the broader Singapore real estate landscape, particularly as HDB properties continue to be a crucial component of the housing ecosystem.

Recent data drawn from 12 comparable HDB resale transactions in the vicinity offers a solid foundation for this valuation. The model confidence is rated as medium, suggesting that while the valuation is supported by empirical data, ongoing market dynamics should be closely monitored. Queenstown, known for its strategic location and accessibility, remains a sought-after precinct, and the remaining lease of 37 years presents both challenges and opportunities for prospective buyers. As the market evolves, understanding the implications of lease duration on property value will be essential for investors and homeowners alike.