3 Room (3I) HDB for Sale in 93 Paya Lebar Way

The valuation of the 3-room HDB unit in Geylang, with a remaining lease of 45 years, stands at an estimated value of $242,200, translating to a price per square foot (PSF) of $388. This valuation is notably above the market baseline, reflecting a significant 60.2% premium. Such a substantial deviation from the baseline indicates strong demand dynamics in the Geylang region, which can be attributed to various factors including its strategic location and ongoing urban developments that enhance the attractiveness of the area.

The model confidence for this valuation is classified as high, bolstered by a robust dataset of 421 recent HDB resale transactions in the vicinity. This strong analytical foundation underscores the resilience of the Geylang property market, even as the remaining lease approaches the midpoint of its lifespan. Buyers and investors should note that properties with longer leases often command higher premiums, particularly in sought-after districts like Geylang. As the market continues to evolve, the unique characteristics of this property and its location position it favorably within the broader landscape of Singapore's HDB resale market.