3 Room (3NG) HDB for Sale in 10 Gloucester Road

The valuation of the HDB 3 Room property located in the Central Area, with a remaining lease of 49 years, stands at an estimated value of $316,492, translating to a price per square foot of $439. This valuation is notably positioned above the market baseline, reflecting a substantial 58% premium compared to similar properties in the vicinity. Such a deviation from standard market expectations suggests a unique set of dynamics influencing this property, warranting a comprehensive analysis.

However, it is important to note that the model confidence for this valuation is categorized as low, primarily due to the limited data set available, with only one recent HDB resale transaction in the vicinity serving as a reference point. This scarcity of transactions may indicate a lack of liquidity in the market, further complicating the accuracy of the valuation. As the remaining lease dwindles to 49 years, potential buyers should weigh the implications of leasehold tenure on future resale value and marketability, particularly in a central location where demand can fluctuate significantly.