3 Room (3I) HDB for Rent in 1 Haig Road

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 49 years, stands at an estimated value of $316,355, translating to a price per square foot (PSF) of $498. This figure reflects a market price that aligns precisely with the baseline, indicating a stable pricing environment for similar properties in the region. The absence of any deviation from the baseline suggests that the property is currently priced at fair market value, which is significant given the fluctuating dynamics of the Singapore real estate market.

However, it is essential to note that the model confidence for this valuation is categorized as low, primarily due to the limited dataset of only four recent HDB resale transactions in the vicinity. This scarcity of comparable sales can affect the overall reliability of the estimated value, as it may not fully capture the nuances of buyer sentiment or market trends in the area. The remaining lease of 49 years also plays a crucial role in the property's appeal; while it provides a reasonable duration for occupation, prospective buyers may weigh it against other options within the market that offer longer leases. Therefore, while the current valuation reflects a stable market signal, potential investors should remain cognizant of the inherent risks associated with shorter leasehold properties and the broader implications for future resale value.