3 Room (3I) HDB for Sale in 232 Lorong 8 Toa Payoh

The HDB 3 Room property located in Toa Payoh, with a remaining lease of 49 years, has been appraised with an estimated value of $251,733, translating to a price per square foot (PSF) of $360. This valuation signals a noteworthy position in the current market, as it stands above the baseline by 54.1%. Such a premium suggests a robust demand for properties in this region, reflecting Toa Payoh's enduring appeal as a well-established residential enclave in Singapore.

The model confidence for this valuation is categorized as medium, which indicates a reasonable level of reliability based on the analysis of nine recent HDB resale transactions in the vicinity. The substantial premium above market average could be attributed to various factors, including the area's strategic location, accessibility to amenities, and the intrinsic value associated with the remaining lease period. As the dynamics of the HDB market evolve, potential buyers should consider the implications of lease tenure on long-term investment viability in relation to this valuation.