3 Room (3STD) HDB for Sale in 87 Commonwealth Close

The valuation of the 3-room HDB unit located in Queenstown, with a remaining lease of 37 years, stands at an estimated value of $387,013, translating to a price per square foot (PSF) of $620. This valuation positions the property favorably within the current market dynamics, reflecting a 7% difference from the baseline, which is indicative of a good deal for potential buyers. The 37-year remaining lease is a crucial factor, as it allows for ample time for appreciation while also appealing to a demographic that values both location and long-term investment potential.

Analyzing recent market trends, this valuation is supported by data from 11 comparable HDB resale transactions in the vicinity, which demonstrates a consistent demand for properties in this region. The medium confidence level of the valuation suggests a robust market analysis, yet it is essential for prospective buyers to consider the broader economic conditions and local developments that may influence future value appreciation. Overall, this property in Queenstown not only offers an attractive entry point into the HDB market but also embodies the enduring appeal of one of Singapore's well-established residential neighborhoods.