3 Room (3I) HDB for Sale in 97 Aljunied Crescent

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 47 years, stands at an estimated value of $312,309, which translates to a price per square foot (PSF) of $387. This valuation positions the property significantly above the market baseline, exhibiting a remarkable 31.3% premium compared to typical resale transactions in the area. Such a valuation suggests a robust demand for HDB units in Geylang, a location known for its vibrant culture and accessibility, which may be driving prices higher than conventional expectations.

Despite the medium confidence level attributed to this valuation, the analysis is grounded in a thorough examination of 12 recent HDB resale transactions within the vicinity. The elevated valuation underscores the dynamics of Geylang's real estate market, where factors such as proximity to amenities, public transport links, and the area's overall desirability continue to play pivotal roles in driving property values. As a result, prospective buyers should consider both the implications of the remaining lease and the broader market trends when evaluating this property, as these elements are likely to influence long-term investment potential.