3 Room (3I) HDB for Sale in 208 Boon Lay Place

The valuation of the HDB 3-room unit in Jurong East, with a remaining lease of 47 years, is estimated at $257,839, reflecting a price per square foot (PSF) of $368. This valuation places the property above the market average by approximately 30%, indicating a significant premium compared to the baseline values derived from extensive market analysis. Such a notable deviation suggests that this property is positioned well within the current socio-economic landscape of Jurong East, a region known for its robust infrastructure and accessibility.

The high model confidence of this valuation, supported by data from 384 recent HDB resale transactions in the vicinity, reinforces the integrity of the appraisal. The substantial interest in this area can be attributed to ongoing developments and urban revitalization plans that enhance the appeal of living in Jurong East. As leasehold properties typically experience depreciation over time, the remaining 47-year lease offers a strategic advantage to potential buyers, particularly those looking for long-term investment opportunities in a thriving neighborhood.