3 Room (3A) HDB for Rent in 8 Empress Road

The current valuation of the HDB 3-room unit located in Singapore's Central Area stands at an estimated value of $404,401, translating to a price per square foot (PSF) of $578. With a remaining lease of 47 years, this property is positioned within a competitive market environment, evidenced by a market price that reflects a 0% difference from the baseline. This stability in pricing is indicative of the demand for HDB properties in the Central region, where location plays a pivotal role in driving buyer interest and investment potential.

The valuation is supported by a robust analysis of 18 recent HDB resale transactions in the vicinity, which suggests a consistent trend in property values despite the remaining lease period. The medium confidence level in this assessment highlights the importance of considering both macroeconomic factors and localized market dynamics. Investors and homeowners alike should remain cognizant of the implications of lease duration on property desirability and future resale potential, especially in a market that is characterized by fluctuating demand and evolving buyer preferences.