3 Room (3I) HDB for Sale in 3 Beach Road

The valuation of the HDB 3 Room unit located in the Central Area reveals a current estimated value of $467,876, translating to a price per square foot (PSF) of $639. This assessment is underpinned by a robust analysis of recent market transactions, with a specific focus on nine comparable HDB resale transactions in the vicinity. The remaining lease of 52 years is a critical factor in determining the property's value, as it suggests a moderate yet stable depreciation trend over the coming decades. This extended lease period provides potential buyers with a sense of security in their investment, particularly in a market characterized by increasing demand in central locations.

Current market dynamics indicate a 2.6% difference from the baseline price, reflecting a healthy demand for HDB properties within this sought-after area. While the model confidence is rated as medium, it is essential to consider the inherent market fluctuations and the unique attributes of this central location that may affect resale values. Buyers should be cognizant of the competitive landscape, as properties in the central region tend to attract significant interest, making strategic timing and negotiation critical for prospective homeowners and investors alike.