3 Room (3I) HDB for Rent in 9 Selegie Road

The current valuation of the HDB 3-room unit located in the Central Area stands at an estimated value of $329,298, translating to a price per square foot (PSF) of $578. With a remaining lease of 47 years, this property presents a unique opportunity within a highly sought-after district, characterized by its vibrant urban lifestyle and proximity to key amenities. The valuation reflects a market price that shows no deviation from the baseline, indicating a balanced market dynamic in this locale.

Analysis of the recent HDB resale transactions, which encompass nine comparable units in the vicinity, suggests a medium level of model confidence in this valuation. The stability in pricing indicates a robust demand for HDB properties in the Central Area, despite the diminishing lease term. Buyers are likely to be drawn to the strategic advantages offered by the location, as well as the potential for capital appreciation in the long term. As the market evolves, it will be essential for stakeholders to monitor lease decay and its impact on future valuations.