3 Room (3I) HDB for Sale in 12 Lorong 7 Toa Payoh

The valuation of the HDB 3 Room property located in Toa Payoh, with a remaining lease of 43 years, stands at an estimated value of $213,056, translating to a price per square foot (PSF) of $304. This valuation is particularly noteworthy as it registers an 82.1% difference from the baseline, categorizing it as above market. Such a significant deviation suggests that the property is perceived to have a premium due to its strategic location in one of Singapore's well-established residential precincts, known for its accessibility and amenities.

However, it is essential to note that the model confidence for this estimated value is classified as low. This indicates potential volatility in the market dynamics, likely influenced by the limited pool of recent comparable transactions in the vicinity, with only six recent HDB resale transactions serving as the data foundation. As leasehold properties, particularly those with a diminishing lease term, experience unique market pressures, prospective buyers should approach this valuation with a comprehensive understanding of both current market conditions and the long-term implications of lease tenure on property value.