3 Room (3I) HDB for Sale in 8 Empress Road

The subject HDB 3-room property located in the Central Area presents a valuation of $413,005, equating to a price per square foot (PSF) of $590. This valuation is notably positioned above the market average, reflecting a significant 33.2% premium compared to the baseline values derived from recent transactions in the vicinity. Such a robust valuation signals a strong demand for properties in this locale, driven by the Central Area's appeal in terms of accessibility, amenities, and lifestyle offerings.

With a remaining lease of 48 years, potential buyers should consider both the implications of the lease duration and the dynamics of the current market. The medium confidence level associated with this valuation is informed by an analysis of 18 recent HDB resale transactions in the area, underscoring a competitive market landscape. As urban development continues to evolve in Singapore, properties in central locations are likely to sustain their value, making them attractive investments despite the shorter remaining lease compared to newer developments. Buyers are encouraged to weigh these factors carefully when considering this property as part of their portfolio strategy.