3 Room (3NG) HDB for Rent in 487 Jurong West Avenue 1

The valuation of the HDB 3-room unit in Jurong West, pegged at an estimated value of $323,895, equivalent to $449 per square foot, reflects a pivotal moment in the local real estate landscape. With a remaining lease of 57 years, this property occupies a unique position within the market, as the lease duration plays a significant role in influencing buyer sentiment and pricing strategies. Given the current market price shows a 0% difference from the baseline, it suggests a stable yet cautious approach among potential buyers, emphasizing the need for thorough due diligence in the prevailing economic climate.

Market dynamics indicate a low model confidence level attributed to the limited data pool, with only one recent HDB resale transaction in the vicinity serving as a reference point. This scarcity of comparable sales could lead to volatility in valuations, as variations in buyer preferences, property conditions, and external economic factors come into play. For investors and homeowners alike, understanding the implications of the remaining lease term is crucial, as it not only influences resale potential but also impacts the overall investment horizon in a market characterized by evolving demands and demographic shifts.