3 Room (3I) HDB for Sale in 3 Ghim Moh Road

The valuation of the HDB 3-room unit located in the Central Area, with a remaining lease of 48 years, is estimated at $400,632, translating to a price per square foot of $573. This valuation is derived from a comparative analysis of nine recent HDB resale transactions within the vicinity, which offers a reliable basis for assessing market dynamics. The property exhibits a market price that is only 1.1% divergent from the baseline, indicating a relatively stable and competitive market environment.

The medium confidence level associated with this valuation reflects the nuanced interplay of local demand and supply, particularly in a sought-after location such as the Central Area. The remaining lease of 48 years is a critical factor in the valuation, as it inherently influences buyer sentiment and investment potential. Properties with shorter leases may experience price pressure, while those in prime locations often retain value due to their proximity to amenities, transport links, and lifestyle options. As such, despite the lease term, this HDB unit's valuation suggests resilience in the face of broader market fluctuations.