3 Room (3I) HDB for Sale in 264 Waterloo Street

The valuation of the HDB 3-room unit located in the Central Area, with a remaining lease of 51 years, is estimated at $426,781, translating to a price per square foot (PSF) of $661. This valuation is notably positioned above the market baseline, indicating a significant 56.5% premium when compared to similar properties in the vicinity. Such a marked deviation from the baseline suggests heightened demand or unique attributes associated with this particular unit or location, which may appeal to both investors and homebuyers seeking to capitalize on the central locale.

However, it is important to note that the model confidence for this valuation is classified as low, stemming from a limited dataset of only six recent HDB resale transactions within the area. This low confidence level implies that while the valuation reflects current market sentiments, it may also be subject to fluctuations influenced by broader economic conditions, changes in buyer preferences, or shifts in HDB policies. The remaining lease of 51 years is a critical factor, as it may affect future resale values and buyer interest, particularly as the lease approaches the critical 30-year mark. As such, potential buyers should weigh the implications of lease maturity against the attractive market positioning before making investment decisions.