3 Room (3STD) HDB for Rent in 8 Selegie Road

In the current property landscape of Singapore, the valuation for the HDB 3 Room unit situated in the Central Area reflects a nuanced interplay of market dynamics, particularly given its remaining lease of 47 years. Priced at approximately $360,495, or $578 per square foot, this property stands at a crucial intersection of demand and supply, showcasing a market price that is consistent with the baseline, indicating stability amidst fluctuations. This valuation is underpinned by a compilation of nine recent resale transactions in the vicinity, suggesting a robust market activity that supports the estimated value.

The medium confidence level associated with this valuation underscores the inherent uncertainties in the property sector, particularly for HDB properties with shorter remaining leases. As buyers and investors increasingly weigh the implications of lease duration on resale potential and overall investment yield, this property, with its ample remaining lease, presents a compelling opportunity. Furthermore, the Central Area's strategic location continues to attract interest, bolstering the desirability of HDB units like this one despite the complexities of the current economic climate.