3 Room (3I) HDB for Rent in 2 Holland Avenue

The valuation of this HDB 3 Room property in the Central Area, with a remaining lease of 47 years, stands at an estimated value of $415,955, translating to a price per square foot (PSF) of $578. This price reflects a market condition that shows no deviation from the baseline, indicating a stable pricing environment in the vicinity. Such stability suggests that demand for HDB properties in this central location remains robust, despite the aging lease term.

Market dynamics in Singapore's real estate landscape often hinge on the interplay between location, lease tenure, and buyer sentiment. Given that this property is situated in a prime area, it maintains appeal despite its remaining lease period. The model confidence for this valuation is rated as medium, based on an analysis of nine recent HDB resale transactions in the area. This data reinforces the notion that while the remaining lease may impact long-term value appreciation, the immediate demand for central HDB living continues to support the current valuation.