3 Room (3A) HDB for Sale in 490 Jurong West Avenue 1

The valuation of the HDB 3-room unit in Jurong West, with a remaining lease of 56 years, stands at an estimated value of $363,986, translating to a price per square foot (PSF) of $464. This valuation, however, indicates a significant market signal, being positioned 23.6% above the baseline value. Such a premium suggests a robust demand in the Jurong West area, potentially driven by ongoing developments and amenities that enhance the desirability of the locality.

It is important to note that the model confidence for this valuation is categorized as low, primarily due to the reliance on only two recent HDB resale transactions in the vicinity. This limited dataset can introduce variability and uncertainty in the estimate, particularly in a market that is subject to fluctuations influenced by broader economic conditions and local property trends. As such, while the elevated valuation reflects an optimistic outlook for the property, potential buyers and investors should consider the implications of the remaining lease period and market dynamics before making informed decisions.