3 Room (3A) HDB for Sale in 462 Jurong West Street 41

The valuation of the HDB 3-room unit in Jurong West, with a remaining lease of 56 years, has been estimated at $330,576, translating to a price per square foot (PSF) of $421. This valuation positions the property significantly above the current market baseline, reflecting a 26.4% premium. Such a difference suggests that the property may be appealing to buyers who value the unique attributes of this location, despite the relatively shorter lease term. The Jurong West area has been undergoing various developmental initiatives aimed at enhancing its amenities and connectivity, factors that often drive up property valuations.

However, the model confidence for this valuation remains low, primarily due to a limited dataset, with only one recent HDB resale transaction being referenced in the vicinity. This lack of comprehensive transactional data indicates that market dynamics may still be in flux, and potential buyers should exercise caution. The interplay of remaining lease duration and market activity is crucial, as properties with longer leases typically garner more stable interest. Nevertheless, the premium valuation suggests a potential shift in buyer sentiment, where certain buyers may be willing to overlook the lease duration in favor of perceived future growth prospects in this evolving district.