3 Room (3I) HDB for Sale in 37 Teban Gardens Road

The HDB 3-room property located in Jurong East, with a remaining lease of 49 years, has an estimated valuation of $239,143, translating to a price per square foot (PSF) of $332. This valuation, however, has been assessed as being significantly above the market average, exhibiting a remarkable 46.4% difference from the baseline. Such a substantial premium suggests that the property may be influenced by unique attributes or demand factors specific to the Jurong East area, a region known for its strategic importance and ongoing developments.

Despite the attractive valuation, it is crucial to note that the model confidence for this assessment is classified as low, based on an analysis of only four recent HDB resale transactions in the vicinity. Such limited data points can introduce variability in the valuation outcome, warranting a cautious approach for potential investors. Furthermore, the remaining lease of 49 years may also play a role in the buyer's perception and willingness to pay a premium, as the value of HDB properties typically diminishes as the lease term shortens. As such, prospective buyers and investors should carefully consider these market dynamics and the implications of lease tenure when evaluating the desirability of this property.