3 Room (3STD) HDB for Sale in 22 Havelock Road

The HDB 3 Room property located in Queenstown, with a remaining lease of 37 years, has been appraised at an estimated value of $208,072, translating to a price per square foot of $302. This valuation indicates a robust demand in the area, as it sits above the market baseline by 105.7%, suggesting that the property is commanding a premium in comparison to similar HDB units in the vicinity. This elevated valuation is supported by a strong model confidence level, indicating a high degree of reliability in the assessment based on empirical data.

Analyzing the local market dynamics, the valuation is reflective of several key factors contributing to the heightened interest in Queenstown. The area is known for its strategic location, connectivity, and evolving amenities, which continue to attract buyers. Furthermore, the analysis draws upon 51 recent HDB resale transactions, reinforcing the conclusion that properties in this locale are maintaining strong resale values despite the remaining lease period. The implications of these market signals suggest a healthy and competitive environment for HDB resale transactions, indicating sustained investor interest and potential for future price appreciation.