3 Room (3I) HDB for Sale in 2 Beach Road

The valuation of the HDB 3-room unit situated in the Central Area, with a remaining lease of 52 years, stands at an estimated value of $467,237, translating to $639 per square foot. This valuation is notably above the market baseline by 7%, which indicates a robust demand for properties in this prime location. The Central Area is characterized by its vibrant urban lifestyle and proximity to key amenities, which significantly enhances the desirability of HDB units in this locale. Such factors have contributed to the elevated valuation, despite the relatively shorter lease term compared to other properties in the market.

With a model confidence rating of medium, the valuation is informed by an analysis of 9 recent HDB resale transactions in the vicinity. This data suggests a consistent upward trend in pricing, underpinned by the limited supply of available units and the continued appeal of the Central Area for both homeowners and investors. As the market navigates the complexities of leasehold dynamics, the interplay between remaining lease length and property value will remain a crucial factor for potential buyers and sellers. The 52-year lease, while a consideration, is likely offset by the property's strategic location, indicating a resilient market outlook for HDB units in this sought-after district.