3 Room (3A) HDB for Rent in 30 Balam Road

The valuation of the HDB 3-room unit located in Geylang, with a remaining lease of 40 years, stands at an estimated value of $235,732, translating to a price per square foot (PSF) of $327. This valuation reflects a market price that aligns closely with the baseline, indicating a 0% difference. Such stability in pricing suggests a balanced demand and supply dynamic within this segment of the HDB market, particularly in the Geylang area, which is known for its vibrant community and proximity to urban amenities.

However, it is essential to note the low confidence level associated with this valuation model, which arises from a limited dataset comprising only three recent resale transactions in the vicinity. This cautionary signal underscores the potential for volatility, especially given the relatively shorter remaining lease period of 40 years, which may influence buyer sentiment and future resale potential. As the market continues to evolve, monitoring lease durations and their impact on property valuations will be crucial for investors and homeowners alike in making informed decisions.