3 Room (3A) HDB for Sale in 221A Sumang Lane

The valuation of the HDB 3 Room property located in the highly sought-after Serangoon area reflects a robust market signal, positioned at an estimated value of $507,718, translating to a competitive $694 PSF. This valuation is notably above the baseline by 15.8%, indicating a strong demand for HDB units in this locality, which benefits from a well-established infrastructure and community amenities. The remaining lease of 90 years adds significant value, as properties with longer leases typically command higher prices due to their perceived longevity and stability in investment.

This assessment is bolstered by a model confidence rating of High, derived from analysis of 196 recent HDB resale transactions in the vicinity. Such a comprehensive data set provides a reliable foundation for understanding current market dynamics and pricing trends. The above-market valuation suggests that buyers are willing to pay a premium for properties in this area, likely driven by its central location, accessibility, and the overall desirability of the Serangoon neighborhood. Investors and homeowners alike should take note of this upward trajectory, as it signals a healthy and competitive real estate environment in the region.