3 Room (3STD) HDB for Rent in 309 Jurong East Street 32

The valuation of the HDB 3-room unit located in Jurong East, with a remaining lease of 57 years, stands at an estimated value of $324,207, equating to a price per square foot (PSF) of $450. This valuation is particularly noteworthy as it reflects a market price that is consistent with the baseline, indicating a stable demand and supply equilibrium within the area. The absence of deviation from the baseline suggests that the current market conditions are resilient, and the property remains competitive within the local HDB resale market.

Our analysis is bolstered by a robust model confidence rating of high, grounded in data derived from 283 recent HDB resale transactions in the vicinity. This extensive dataset not only reinforces the credibility of the valuation but also highlights the ongoing market dynamics in Jurong East. The remaining lease of 57 years is a critical factor in this assessment; while it offers ample time for occupancy, potential buyers may exhibit varying degrees of sensitivity towards the lease duration in their purchasing decisions. Nonetheless, the consistent demand for HDB properties in this region suggests a favorable outlook for future valuations, making this an attractive opportunity for both investors and homeowners alike.