3 Room (3NG) HDB for Sale in 484 Jurong West Avenue 1

The valuation of the HDB 3-room unit located in Jurong West, with a remaining lease of 57 years, stands at an estimated value of $333,526, translating to a price per square foot (PSF) of $463. This valuation indicates a significant market signal, with the property priced 25.9% above the baseline, suggesting strong demand and potential value appreciation in this particular area. The above-market valuation reflects the overall positive sentiment in the Jurong West district, bolstered by ongoing urban development initiatives and enhancements in local amenities.

However, it is important to note that the model confidence in this valuation is categorized as low, primarily due to the limited dataset from only three recent HDB resale transactions in the vicinity. This lack of extensive comparable sales data may introduce volatility in the valuation, necessitating potential buyers and investors to exercise caution. The interplay between the property’s remaining lease duration and market dynamics will be pivotal in influencing future price movements, particularly as the lease approaches its latter years. Observing market trends and engaging in further comparative analysis will be essential for stakeholders looking to capitalize on opportunities within this evolving real estate landscape.