3-Room HDB for Room Rent: 108 Commonwealth Crescent

The valuation of the 3-room HDB unit located in Queenstown, with a remaining lease of 37 years, stands at an estimated value of $83,479, translating to a price per square foot (PSF) of $334. This valuation reflects a market price that is in line with the baseline, indicating a stable demand amidst the current property landscape. Such stability is indicative of Queenstown’s enduring appeal, characterized by its strategic location and close-knit community, which continues to attract both homeowners and investors alike.

However, the model confidence for this valuation is classified as low, primarily due to the limited data set, with only one recent resale transaction in the vicinity to inform pricing trends. This lack of robust transactional data suggests that while the current market price is steady, potential volatility exists should additional comparable sales arise. Prospective buyers and investors should remain cognizant of the implications of the leasehold period, as the remaining 37 years may influence future resale opportunities and overall investment viability in the long term.