3 Room (3I) HDB for Rent in 53 Sims Place

In the competitive landscape of Singapore's real estate market, the valuation of this HDB 3-room unit located in Geylang presents an intriguing case study. With a remaining lease of 50 years, the estimated value stands at $282,236, equating to $403 PSF. This valuation is particularly noteworthy as it reflects a market price that exhibits a 0% difference from the baseline, indicating a stable yet cautious sentiment among potential buyers and investors.

The low model confidence rating underscores the inherent volatility within the area, as it is based on merely four recent HDB resale transactions in the vicinity. While Geylang is known for its vibrant cultural tapestry and strategic location, the remaining lease duration poses a significant consideration for buyers, particularly those concerned with long-term investment viability. The current market dynamics suggest a balancing act between affordability and leasehold risk, which could influence future pricing trends in this sector.

• Remaining Lease: 50 years
• Estimated Value: $282,236
• Price Per Square Foot: $403 PSF
• Market Price Signal: 0% difference from baseline
• Model Confidence: Low
• Recent Transactions: Based on 4 sales