3 Room (3A) HDB for Sale in 220 Ang Mo Kio Avenue 1

The valuation of the HDB 3-room unit in Ang Mo Kio, with a remaining lease of 50 years, stands at an estimated value of $292,074, translating to a price per square foot (PSF) of $405. This valuation is indicative of a property that, despite its reduced lease period, commands a significant premium in the current market landscape, as evidenced by its classification as "Above Market" with a remarkable 32.8% variance from the baseline. Such a premium reflects the desirability of the Ang Mo Kio area, which is characterized by its robust infrastructural development and a well-established community.

The model confidence for this valuation is classified as high, based on an extensive analysis of 354 recent HDB resale transactions within the vicinity. This data reinforces the strength of the local real estate market, particularly in a precinct that boasts essential amenities and connectivity. As market dynamics evolve, prospective buyers are increasingly drawn to properties that offer both a strategic location and potential for appreciation, despite the constraints of a shorter lease period. This trend underscores the intricate balance between lease duration and market demand, highlighting the nuanced factors that drive HDB valuations in Singapore.