3 Room (3A) HDB for Rent in 45 Sims Drive

The valuation of the HDB 3 Room unit in Geylang at an estimated value of $335,448, equating to $395 per square foot, reflects the current stability in the local housing market. With a remaining lease of 49 years, this property is situated in a vibrant and well-connected area, making it an attractive option for potential buyers. The market signal indicating a 0% difference from the baseline suggests a balanced demand-supply scenario, where the property's pricing aligns closely with recent comparable sales.

Our analysis, based on ten recent HDB resale transactions within the vicinity, underscores a medium level of confidence in this valuation. The Geylang area, known for its rich cultural tapestry and accessibility, continues to entice homebuyers, particularly those seeking a blend of urban living and affordability. As the remaining lease diminishes over time, it is crucial for stakeholders to remain vigilant about market trends and lease considerations, which can significantly influence future property values.