3-Room HDB for Room Rent: 209 Boon Lay Place.

The valuation of the HDB 3 Room property in Jurong East, with a remaining lease of 47 years, presents an intriguing case within the current Singaporean real estate landscape. Estimated at $30,634, translating to a price per square foot (PSF) of $306, this valuation aligns with the prevailing market price, indicating a stable demand for such units in this sought-after locality. The absence of variance from the baseline price suggests a balanced market sentiment, potentially driven by consistent buyer engagement and a stable supply of comparable units.

Further reinforcing this analysis, the model's confidence is rated as medium, which implies a moderate reliability based on the recent 19 HDB resale transactions in the vicinity. This data points towards a nuanced understanding of local market dynamics, where factors such as proximity to amenities, transport links, and community development projects may be influencing buyer preferences. As the remaining lease period is 47 years, it remains critical for potential investors to consider the long-term value retention and appreciation potential, particularly in a market that may experience fluctuations in leasehold properties over time. In conclusion, the current valuation reflects a confluence of market stability and localized demand dynamics, marking this property as a noteworthy option in Jurong East's HDB segment.