3 Room (3NG) HDB for Sale in 313 Shunfu Road

The valuation of the 3-room HDB unit in Ang Mo Kio, with a remaining lease of 57 years, stands at an estimated value of $350,757, translating to $486 PSF. This figure is indicative of a property that is currently positioned above the market average, reflecting a notable 42.5% premium over the baseline valuation. Such a significant deviation can be attributed to a variety of factors including local market demand, property condition, and the desirability of the Ang Mo Kio region, which is recognized for its well-established amenities and connectivity.

Considering the model confidence is rated as medium, it is essential to acknowledge that this valuation is derived from an analysis of eight recent HDB resale transactions in the vicinity. This analytical framework suggests that while there is strong demand, potential buyers should remain cognizant of the remaining lease period. With 57 years left, the leasehold status could influence long-term investment perspectives, particularly for younger buyers who may prioritize longer lease tenures. Overall, this valuation underscores the dynamic interplay of local market conditions, property age, and leasehold considerations in shaping the pricing landscape for HDB properties in Singapore.