3 Room (3I) HDB for Sale in 28 Kelantan Road

The valuation of the HDB 3 Room unit located in the Central Area, with a remaining lease of 50 years, stands at an estimated value of $402,852 or $505 PSF. This figure is notably positioned 36.5% above the baseline market value, indicating a strong upward deviation from current market trends. Such a premium valuation may be attributed to several key factors, including the unit's strategic location within the Central Area, which typically commands higher demand due to proximity to essential amenities and transport links.

However, it is important to note that the model confidence for this valuation is categorized as low, suggesting potential volatility in price stability. The estimation is based on an analysis of only five recent HDB resale transactions in the vicinity, which may not provide a comprehensive representation of market dynamics. Buyers should consider the implications of the remaining lease length, as properties with shorter leases tend to face greater market resistance, particularly in a landscape where leasehold properties are scrutinized for long-term value retention. Overall, while the current valuation reflects a robust market signal, potential investors should exercise caution and conduct further due diligence before proceeding with any transactions.