3 Room (3NG) HDB for Rent in 102 Jurong East Street 13

The valuation of the HDB 3-room unit located in Jurong East, with a remaining lease of 54 years, stands at an estimated value of $343,021, translating to a price per square foot (PSF) of $469. This valuation reflects a market price that is consistent with the baseline, indicating a stable holding position in the current real estate climate. The model confidence rating is categorized as medium, suggesting that while there are reliable indicators, some variability may still exist in the assessment of the property’s value.

Analyzing the recent transactional data from 9 comparable HDB resale transactions in the vicinity, it is evident that the Jurong East market is exhibiting resilience, with minimal fluctuations in pricing. The 54-year remaining lease is a significant factor in the valuation, as it influences buyer sentiment and long-term investment considerations. In a market where lease duration plays a critical role, properties with longer leases typically command a premium, yet this valuation aligns with the current market dynamics, reflecting a balance between demand and supply. As the area continues to develop, potential investors should monitor the evolving landscape, taking into account both the intrinsic value of the property and the broader market trends.