3 Room (3I) HDB for Rent in 32 Cassia Crescent

The valuation of the HDB 3-room property in Geylang, with an estimated value of $406,366 and a price per square foot (PSF) of $555, reflects the current market dynamics and the implications of its remaining lease of 53 years. Given the low model confidence associated with this valuation, it is crucial to interpret the figures with caution. The property is positioned at a baseline market price, indicating a stable demand but also a potential lag in appreciation due to the finite lease term. In the context of Geylang, a neighborhood known for its vibrant culture and strategic location, such a valuation suggests a balance between affordability and investment potential.

The analysis is supported by recent transactional data, with seven comparable HDB resale transactions in the vicinity informing this valuation. This empirical evidence underlines the competitive pricing landscape, although the 0% difference from the baseline market price signals a plateau in price movement. Buyers should be mindful of the implications of the remaining lease, which may affect long-term investment strategies, as properties with shorter leases can exhibit reduced demand over time. Therefore, while the current valuation positions this property attractively for immediate occupancy, investors should carefully consider the longevity of their investment in relation to the remaining lease period.