3 Room (3A) HDB for Rent in 187 Boon Lay Avenue

The valuation of the 3-room HDB unit located in Jurong East, with a remaining lease of 48 years, stands at an estimated value of $197,306, translating to a price per square foot of $311. This assessment is derived from an extensive analysis of 25 recent HDB resale transactions in the vicinity, ensuring a robust comparative framework that underpins the valuation's accuracy. The model confidence is rated as high, indicating a strong alignment with current market conditions and trends.

Notably, this property's estimated value reflects a market price that shows no deviation from the baseline, signalling a stable demand in the Jurong East region. The area's ongoing developments and infrastructural enhancements contribute to its attractiveness, making it a desirable location for potential homeowners and investors alike. As the remaining lease stands at 48 years, it is essential for stakeholders to consider the implications of leasehold dynamics in relation to future resale potential, particularly in a market where HDB lease durations play a crucial role in perceived value and investment viability.