3 Room (3A) HDB for Sale in 364A Upper Serangoon Road

The valuation of the 3-room HDB unit in Serangoon, with a remaining lease of 89 years, has been estimated at $502,133, translating to $696 per square foot (PSF). This valuation positions the property significantly above the market baseline, reflecting an impressive 16.5% premium compared to recent market trends. Such a premium underscores the strong demand for HDB units in this well-regarded neighborhood, which is characterized by its strategic location and robust community amenities.

The model confidence for this valuation is rated as high, based on an analysis of 202 recent HDB resale transactions within the vicinity. This substantial data set provides a solid foundation for the valuation, indicating a healthy and competitive market environment in Serangoon. The consistency observed in resale prices suggests a stable interest from buyers, particularly for properties with longer remaining leases, further enhancing their attractiveness. As Singapore's real estate landscape continues to evolve, this HDB unit exemplifies the dynamic interplay of lease tenure, location desirability, and market sentiment.