3 Room (3A) HDB for Sale in 256C Sumang Walk

The valuation of the HDB 3-room unit located in Serangoon, with a remaining lease of 89 years, has been assessed at an estimated value of $507,785, translating to a price per square foot (PSF) of $694. This valuation is particularly noteworthy as it reflects a significant premium over the baseline market rate, boasting a remarkable 14.2% difference. Such a premium suggests robust demand dynamics within the Serangoon area, driven by a combination of factors including location desirability, proximity to amenities, and the overall appeal of HDB living in a well-established residential enclave.

Market analysis based on 195 recent HDB resale transactions in the vicinity reinforces the strength of this valuation, which carries a high level of confidence. The elevated price point indicates a healthy competitive market, where buyers are willing to invest above the baseline, likely due to the attractive attributes of the property and its surroundings. The remaining lease of 89 years also plays a crucial role in maintaining buyer interest, as potential homeowners often seek properties with longer lease tenures to ensure longevity and stability in their investment. As such, this valuation not only reflects current market trends but also underscores the enduring appeal of HDB properties in prime locations like Serangoon.