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

This report presents a comprehensive valuation analysis of a 2-room HDB unit located in the highly sought-after Queenstown district, with a remaining lease of 75 years. The estimated value of the property is pegged at $195,332, translating to a price per square foot (PSF) of $781. This valuation reflects a market price that aligns closely with baseline figures, exhibiting a 0% difference, which underscores a stable pricing environment within the local HDB market.

Our model confidence for this valuation is categorized as high, supported by an in-depth analysis of 35 recent HDB resale transactions in the vicinity. The Queenstown area is characterized by its strategic location and accessibility, contributing to sustained demand for HDB units despite broader market fluctuations. The remaining lease period of 75 years is particularly advantageous, as it offers prospective buyers a significant tenure, which is often a key consideration in the valuation of HDB properties. Thus, this unit represents not just an immediate living space but a sound long-term investment within a thriving community.