3 Bed Walk-up Apartment (Condo) for Rent in Tiong Bahru Estate

The valuation of the HDB 4-Room unit in Queenstown, with a remaining lease of 75 years, stands at an estimated value of $959,761, translating to a price per square foot (PSF) of $1,055. This valuation reflects a market price that aligns perfectly with the baseline, indicating a 0% difference from the expected market trends in the area. Such stability in pricing suggests a robust demand for HDB units in this sought-after locality, which is characterized by its strategic positioning and accessibility to various amenities.

However, it is essential to note that the model confidence for this valuation is categorized as low, primarily due to the limited data set derived from only two recent HDB resale transactions in the vicinity. This scarcity of comparable sales may contribute to fluctuations in market perceptions and may affect future resale value. The remaining lease of 75 years is a critical factor in the valuation, as it plays a significant role in the long-term investment appeal of the property, particularly in a competitive market where lease tenure often influences buyer sentiment. Therefore, while the current valuation appears stable, potential investors should remain vigilant and consider broader market dynamics that could impact future valuations.