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

The valuation of the HDB 3 Room property in the Central Area, with a remaining lease of 43 years, reflects a noteworthy market signal, indicating a valuation above market expectations by 30.7%. Priced at $386,369, equating to $529 per square foot, this property stands out within its locality, where the average market baseline has been established. Such a premium valuation suggests a robust demand for HDB properties in the Central Area, likely driven by its strategic location and accessibility to essential amenities.

Despite the model confidence being categorized as medium, the analysis draws on a substantial dataset of 18 recent HDB resale transactions in the vicinity, providing a solid foundation for this valuation. The significant premium over baseline can be attributed to several factors, including potential future urban developments and the desirability of living in a central hub. As the market continues to evolve, the remaining lease of 43 years remains a critical component for potential buyers, necessitating a careful consideration of long-term investment value and depreciation timelines associated with HDB leases.