3-Room HDB for Room Rent: 108 Commonwealth Crescent

The valuation of the 3-room HDB unit in Queenstown, with a remaining lease of 37 years, has been assessed at an estimated value of $21,233, translating to a price per square foot (PSF) of $386. This valuation reflects a robust alignment with the current market price, registering a 0% difference from the baseline. Such stability in pricing signals a balanced demand and supply dynamic within the Queenstown area, which remains one of Singapore's most sought-after residential precincts.

With high model confidence derived from an analysis of 500 recent HDB resale transactions in the vicinity, this valuation underscores the resilience of the local market. The consistent demand for properties in Queenstown, coupled with its strategic location and proximity to amenities, contributes to maintaining a strong market sentiment. As leasehold properties typically depreciate over time, the remaining lease of 37 years is a critical factor for potential buyers and investors, who must weigh long-term value against the diminishing lease period. Overall, this property exemplifies the intricate balance of HDB market dynamics in Singapore, where location and lease length play pivotal roles in determining value.