3 Room (3I) HDB for Rent in 16 Upper Boon Keng Road

In the competitive landscape of Singapore's real estate market, the valuation of this 3-room HDB unit in Geylang, with a remaining lease of 47 years, stands at an estimated value of $317,071, translating to $396 PSF. This valuation reflects a market price that shows a 0% difference from the baseline, suggesting an equilibrium state where supply and demand dynamics are balanced. The low variance from baseline indicates that prospective buyers are currently willing to pay a premium that aligns closely with the average market rates observed in the vicinity.

However, it is crucial to note that the model confidence in this valuation is categorized as low, based on the analysis of only five recent HDB resale transactions in the area. This lack of robust transaction volume may introduce uncertainties regarding the stability of pricing trends and future appreciation potential. As such, stakeholders should approach this valuation with a degree of caution, considering the implications of the remaining lease duration and the broader market dynamics influencing HDB properties in Geylang.