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

The valuation of the 3-room HDB unit in Geylang, with a remaining lease of 49 years, stands at an estimated value of $348,240, equating to a price per square foot (PSF) of $498. This valuation indicates a neutral market position, as it aligns closely with the baseline market price, reflecting a 0% difference. The stability in pricing suggests a lull in market fluctuations, potentially driven by the unique characteristics of Geylang as a residential district, which offers a blend of convenience and cultural vibrancy.

However, the model confidence for this valuation is categorized as low, indicating that the estimate may be influenced by a limited dataset. This valuation is derived from only four recent resale transactions within the vicinity, which may not sufficiently capture the broader market dynamics. As the remaining lease of 49 years is notably shorter than the average lease for HDB properties, this could pose a concern for potential buyers regarding future resale opportunities. Investors and homeowners alike should remain attentive to market trends and leasehold implications, as they could heavily influence property desirability and value in the coming years.