3 Room (3I) HDB for Sale in 998B Buangkok Crescent

The subject property, a HDB 3-room unit located in the highly sought-after Serangoon district, boasts a remaining lease of 91 years, positioning it favorably in the current market landscape. With an estimated value of $498,678, translating to a price per square foot (PSF) of $682, this valuation indicates a robust demand for HDB properties in the area. The pricing reflects a significant premium, with the property valued at approximately 10.3% above the baseline market rate. This upwards deviation signals a strong buyer sentiment, suggesting that Serangoon remains a desirable location for families and investors alike.

The model confidence for this valuation is classified as high, based on a thorough analysis of 197 recent HDB resale transactions within the vicinity. This extensive dataset reinforces the reliability of the valuation, highlighting a consistent trend of increasing property values in this competitive market. As demand continues to outpace supply, the enduring lease of this property further enhances its appeal, providing potential homeowners and investors with a secure long-term asset. In summary, this HDB unit not only represents a sound investment but also reflects the dynamic nature of the Serangoon real estate market, where lease longevity and market position converge to create a premium offering.