3 Room (3STD) HDB for Sale in 98 Commonwealth Crescent

The valuation of the HDB 3-room property in Queenstown, with a remaining lease of 43 years, stands at an estimated value of $241,936, translating to a price per square foot (PSF) of $331. This valuation indicates a market signal that is above the baseline, with a notable difference of 106.7%. Such a premium valuation suggests that the property is positioned favorably within the local market dynamics, potentially driven by the desirability of the Queenstown precinct and the limited availability of HDB units in the region.

However, 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 may not fully encapsulate the broader market trends or nuances specific to this property type. As the remaining lease approaches the mid-term mark, prospective buyers should consider the implications of lease decay on long-term investment potential. The Queenstown area continues to attract interest due to its strategic location and established amenities, which may contribute to sustained demand despite the shorter remaining lease term.