3 Room (3I) HDB for Sale in 22 Sin Ming Road

The recent valuation of the HDB 3-room unit in Ang Mo Kio, with a remaining lease of 46 years, stands at an estimated value of $271,666, translating to a price per square foot (PSF) of $372. This valuation is notable as it indicates a significant market signal, being 47.2% above the baseline. This premium reflects the competitive demand for HDB properties in Ang Mo Kio, a locality known for its robust infrastructure and vibrant community amenities.

The model confidence for this valuation is categorized as medium, based on a comparative analysis of 14 recent HDB resale transactions within the vicinity. The strong performance of the Ang Mo Kio market, despite the diminishing lease period, can be attributed to several factors: a well-established neighborhood, access to public transport, and proximity to essential services. Such dynamics underscore the resilience of the HDB market in this area, even as the remaining lease approaches the mid-point of its lifespan.