3 Room (3NG) HDB for Rent in 350 Ubi Avenue 1

The valuation of the 3-room HDB property located in Geylang, with a remaining lease of 58 years, stands at an estimated value of $386,591, translating to a price per square foot (PSF) of $562. This valuation reflects a market price that aligns precisely with the baseline, indicating a neutral market sentiment where supply and demand are currently balanced. The model confidence is rated as high, bolstered by an analysis of 55 recent HDB resale transactions in the vicinity, which suggests a robust and reliable dataset for this valuation.

In the context of Singapore's dynamic real estate landscape, the Geylang area continues to attract interest from both owner-occupiers and investors, due to its strategic location and accessibility. The remaining lease of 58 years is a critical factor in this valuation, as it positions the property within a viable timeframe for potential buyers. The stable market price indicates that while there may be fluctuations in the broader market, this particular segment remains resilient, reflecting the enduring appeal of HDB living in Geylang. Investors should consider the long-term lease structure and market stability as pivotal elements in their decision-making process.