3 Room (3I) HDB for Sale in 82 Commonwealth Close

The valuation of the HDB 3-room property in Queenstown, with a remaining lease of 37 years, stands at an estimated value of $188,688, translating to a price per square foot (PSF) of $292. This valuation reflects a significant market signal, positioning the property at an impressive 93.4% above the baseline market value. Such a premium indicates a strong demand within the Queenstown area, which is renowned for its strategic location and vibrant community amenities.

However, the model confidence in this valuation is classified as low, underscoring the potential volatility in the market influenced by a limited dataset comprising six recent HDB resale transactions in the vicinity. This cautionary note suggests that while the property may command a higher price due to local desirability and potential future appreciation, prospective buyers and investors should remain vigilant of market fluctuations. The remaining lease period of 37 years also plays a crucial role in shaping buyer sentiment, as properties with shorter leases typically experience different demand dynamics. As such, stakeholders are advised to conduct a thorough analysis of both the immediate market conditions and broader economic indicators before making any commitments.