3 Room (3NG) HDB for Sale in 115C Alkaff Crescent

The valuation of the HDB 3 Room unit in Geylang, with a remaining lease of 92 years, stands at an estimated value of $868,785, translating to a price per square foot (PSF) of $1,137. This valuation reflects a nuanced understanding of the current market dynamics, particularly in a vibrant district known for its blend of cultural heritage and urban convenience. The high model confidence level indicates robust data backing this assessment, derived from an extensive analysis of 64 recent HDB resale transactions within the vicinity.

Currently, the property commands a market price that is merely 2.2% above the baseline, suggesting a stable pricing environment amidst fluctuating market conditions. This slight premium can be attributed to Geylang's strategic location, which appeals to both homeowners and investors alike. As the demand for HDB units continues to be driven by the dual factors of urbanization and the limited supply of new HDB developments, properties like this one are positioned favorably within the market. The remaining lease of 92 years further enhances its appeal, providing potential buyers with substantial longevity and security in their investment.