2 Bed Walk-up Apartment (Condo) for Sale in 282 MacPherson Road

The valuation of the 3-room HDB property in Geylang, with a remaining lease of 75 years, stands at an estimated value of $505,647, translating to a price per square foot (PSF) of $618. This valuation reflects a significant market signal, indicating that the property is priced above market expectations, with a striking 157.1% difference from the baseline. Such a premium valuation is indicative of the dynamic demand within the Geylang area, which has seen a surge in interest due to its strategic location and accessibility to urban amenities.

With a model confidence rating of high, this valuation is supported by a robust analysis of 422 recent HDB resale transactions within the vicinity. The strong performance of this HDB unit can be attributed to several factors:

• Location: Geylang is increasingly popular among both homeowners and investors, thanks to its proximity to the Central Business District and vibrant lifestyle offerings.
• Leasehold Dynamics: The remaining lease of 75 years positions this property favorably in the market, appealing to buyers who are looking for a long-term investment.
• Market Sentiment: The current real estate climate reflects a heightened appetite for HDB units, especially in well-connected and sought-after neighborhoods.