3 Room (3NG) HDB for Sale in 231 Jurong East Street 21

The valuation of the HDB 3 Room property located in Jurong East, with a remaining lease of 54 years, has been estimated at $379,489, translating to approximately $430 PSF. This valuation positions the property significantly above the current market baseline, reflecting a remarkable 21.2% premium compared to similar properties in the vicinity. Such a pronounced deviation from the baseline indicates robust demand dynamics within the Jurong East area, driven by factors such as strategic location, accessibility to transportation links, and proximity to essential amenities.

Based on an analysis of 12 recent HDB resale transactions in the surrounding region, the model confidence for this valuation is classified as medium. This suggests a balanced perspective on the property’s market performance, accounting for both localized market trends and broader economic conditions. Investors and homeowners should note that a remaining lease of 54 years may influence future resale potential; however, the inherent value and desirability of Jurong East as a residential hub appear to mitigate these concerns, positioning this property as a compelling opportunity in the current real estate landscape.