3 Room (3I) HDB for Rent in 2 Tanjong Pagar Plaza

The valuation of the HDB 3 Room unit situated in the Central Area reflects a calculated estimate of $396,411, equating to a price per square foot (PSF) of $615. This figure is indicative of the current market dynamics, particularly considering the property’s remaining lease of 50 years. As properties in this locale are often characterized by their proximity to essential amenities and vibrant urban life, the valuation remains aligned with market expectations, showcasing a 0% difference from the baseline price. This stability suggests a balanced market where demand meets supply effectively.

With a model confidence rating of medium, the analysis is based on recent sales data derived from 9 comparable HDB resale transactions within the vicinity. This data serves as a robust foundation for the valuation, although the medium confidence indicates that while the market is stable, there may be external factors influencing future price movements. As the remaining lease is a significant factor influencing buyer sentiment, potential investors should consider both the longevity of the lease and prevailing market conditions when evaluating this property. Overall, the current valuation underscores the enduring appeal of HDB living in the Central Area, making it a noteworthy consideration for discerning buyers.