3-Room HDB for Room Rent: 26A Jalan Membina

The valuation of the HDB 3-room unit in Queenstown, with a remaining lease of 80 years, stands at an estimated value of $183,788, translating to a price per square foot (PSF) of $1,225. This valuation indicates a stable market position, with the current market price reflecting a 0% difference from the baseline, suggesting that the property is priced accurately in relation to comparable units in the area. The model confidence is categorized as medium, indicating that while the valuation is based on reliable data, market fluctuations may still impact future pricing.

In analyzing the recent market dynamics, it is noteworthy that this valuation is derived from 16 recent HDB resale transactions within the vicinity of Queenstown. This concentration of data points enhances the robustness of the valuation, providing a clearer picture of local demand and market trends. Queenstown, known for its strategic location and rich amenities, continues to attract interest, underlining the importance of understanding lease longevity in HDB properties. The remaining lease of 80 years is particularly significant, as it aligns with the preferences of buyers who prioritize long-term residency stability in their investment decisions.