3 Room (3A) HDB for Sale in 57 Teban Gardens Road

The HDB 3 Room unit located in Jurong East, with a remaining lease of 89 years, has been valued at an estimated price of $512,499, translating to a competitive $711 per square foot (PSF). This valuation is noteworthy as it sits approximately 14.9% above the market baseline, indicating a robust demand in the area that surpasses standard pricing metrics. Such a premium suggests that buyers are willing to invest significantly for this property, likely due to the strategic location and the surrounding amenities that Jurong East offers, which include established transportation links, shopping complexes, and educational institutions.

Our analysis is based on 16 recent HDB resale transactions in the vicinity, providing a substantial dataset for comparison. The model confidence is categorized as medium, reflecting a healthy degree of reliability in the valuation despite potential fluctuations in the market. Factors contributing to the elevated price may include the overall demand for properties in Jurong East as a mature estate, as well as the long remaining lease, which is an attractive feature for prospective buyers concerned about lease decay. As the Jurong region continues to evolve with ongoing developments and urban enhancements, it is anticipated that such properties may sustain their premium positioning in the market.