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

This valuation report focuses on a 3-room HDB property located in Singapore's Central Area, where the remaining lease is 47 years. The estimated value of this unit stands at $360,495, translating to a price per square foot (PSF) of $578. The property is currently positioned above the market baseline by 24.8%, indicating a strong demand within this prime location. Such a premium valuation suggests that buyers are willing to pay a higher price for the advantages of residing in a central urban environment, characterized by proximity to essential amenities and vibrant lifestyle options.

The model confidence for this valuation is categorized as medium, reflecting a robust analysis based on nine recent HDB resale transactions in the vicinity. This data underscores the competitive landscape of the local housing market and highlights the potential for continued appreciation in property values, despite the remaining lease period. As the Central Area continues to attract both local and foreign interest, it is crucial for potential buyers and investors to consider the dynamics of leasehold properties, as well as the implications of lease duration on future resale opportunities. In summary, this property exemplifies the intricate balance between location desirability, market trends, and the longevity of the leasehold, making it a noteworthy consideration for discerning investors.