3 Room (3I) HDB for Sale in 9 Selegie Road

The valuation of the HDB 3-room property located in the Central Area, with a remaining lease of 47 years, stands at an estimated value of $360,495, translating to a price per square foot (PSF) of $578. This valuation indicates a premium positioned above the market average, with a notable 24.8% differential from the baseline. Such a significant markup suggests a robust demand for HDB units in prime locations, reflecting the desirability of living in the Central Area where amenities and accessibility are highly sought after.

This property’s valuation is derived from an analysis of nine recent HDB resale transactions within the vicinity, providing a substantive basis for the estimated value despite the model confidence being categorized as medium. The remaining lease of 47 years is a critical factor, as properties with longer leases typically command higher prices. Furthermore, the current market dynamics indicate a competitive environment for HDBs, particularly in central locales, which are becoming increasingly attractive to both owner-occupiers and investors alike. This trend underscores the significance of location in real estate valuation and the resilience of the Singapore property market amidst varying economic conditions.