3 Room (3A) HDB for Sale in 623 Ang Mo Kio Avenue 9

The valuation of the HDB 3-room unit in Ang Mo Kio, with a remaining lease of 53 years, stands at an estimated value of $380,996, translating to a price per square foot (PSF) of $431. This valuation is notably positioned above the market baseline, reflecting a significant premium of 41.4%. Such a disparity suggests strong demand dynamics within the locality, underpinned by the area's enduring appeal and robust infrastructure.

With model confidence rated as high, this analysis draws from a comprehensive dataset of 401 recent HDB resale transactions in the vicinity, indicating a solid foundation for the valuation metrics. The extended lease of 53 years, while approaching the mid-point of HDB leases, continues to attract interest due to Ang Mo Kio’s strategic location and established community amenities. Factors contributing to this elevated valuation include:

• Proximity to essential services: The unit’s location benefits from nearby schools, healthcare facilities, and shopping options.
• Transport connectivity: Easy access to major expressways and public transport options enhances the desirability of the property.
• Community and lifestyle appeal: Ang Mo Kio is known for its vibrant community spaces, parks, and recreational facilities.

In summary, the current valuation reflects not only the inherent value of the property but also the broader market sentiment that favors well-located HDB units, particularly in established districts like Ang Mo Kio.