2 Room (2A) HDB for Sale in 209C Punggol Place

The valuation of the HDB 2 Room unit in Punggol, with a remaining lease of 86 years, is estimated at $409,439, translating to a price per square foot (PSF) of $827. This valuation positions the property above the market average by approximately 5%, indicating a strong demand for HDB properties in this rapidly developing region of Singapore. The elevated pricing is reflective of several contributing factors, including the area's ongoing infrastructural developments and a growing population, which collectively sustain a robust demand for residential units.

Our analysis is grounded in data derived from 12 recent HDB resale transactions in the vicinity, providing a reliable benchmark for assessing market dynamics. The medium confidence level in this valuation suggests that while the property is priced slightly above the market average, the unique attributes of the Punggol area, including its proximity to amenities and recreational spaces, justify this premium. Furthermore, the remaining lease of 86 years offers potential buyers a lengthy tenure, which is a crucial consideration in the HDB resale market, often influencing buyer sentiment and investment decisions.