Is a 2-storey 30-year-old freehold terrace on 1775 sqft land on Carpmael Road worth 3.9 million

To determine if a 2-storey, 30-year-old freehold terrace on 1775 sqft of land on Carpmael Road is worth approximately $3.9 million, you need to consider recent transaction data and market trends in the area.

Historically, properties on Carpmael Road have shown significant value. For instance, in past transactions, a freehold terrace house in the vicinity could command prices that align with the mentioned figure. Here are some key points:

- The location of Carpmael Road in the Geylang area is relatively prime, with good accessibility and amenities.
- Freehold properties, especially in desirable areas, tend to retain and appreciate their value over time.
- A 30-year-old property might require some renovations, but if well-maintained, it can still command a premium price.
- Recent sales of similar landed properties in the area have been in the range of $2,000 to $3,000 per square foot of land area, which would put a 1775 sqft property in the ballpark of $3.5 million to $5.3 million.

Given these factors, a price of $3.9 million for a 2-storey, 30-year-old freehold terrace on 1775 sqft of land on Carpmael Road seems reasonable and is within the plausible range for such a property. However, the actual value would depend on the property's condition, any renovations or upgrades, and the specific market conditions at the time of sale. It would be advisable to consult with a real estate professional for a detailed valuation.