3 Room (3I) HDB for Sale in 208 Boon Lay Place

This valuation report focuses on a 3-room HDB flat located in the vibrant Jurong East area, with a remaining lease of 47 years. The estimated value stands at $308,038, translating to a price per square foot (PSF) of $386. Notably, this valuation is positioned above the market baseline, reflecting a significant 16.9% premium compared to similar properties in the vicinity.

While the price point suggests a robust demand in the Jurong East area, the model confidence is rated as low, indicating potential volatility in the market dynamics. This valuation draws on three recent HDB resale transactions nearby, providing a comparative analysis that suggests a competitive market. Factors influencing this premium may include the HDB’s strategic location, proximity to emerging developments, and overall desirability within the community. It is essential for prospective buyers to consider the implications of the 47-year remaining lease, as this may affect long-term investment potential and marketability in the future.