3 Room (3NG) HDB for Sale in 118 Potong Pasir Avenue 1

The valuation of the HDB 3-room property located in Geylang stands at an estimated value of $445,160, translating to a premium rate of $617 per square foot. This price reflects a significant market signal, positioning the property 7.8% above the baseline valuation. Such a premium indicates robust demand in the Geylang area, which can be attributed to its strategic location and the vibrancy of the surrounding neighbourhood.

The remaining lease of 75 years plays a critical role in the valuation, as properties with longer leases typically command higher prices in the market. The analysis is supported by a high model confidence, derived from an extensive dataset of 426 recent HDB resale transactions in the vicinity. This comprehensive analysis demonstrates that the Geylang area continues to exhibit strong market dynamics, driven by both investor interest and a growing population seeking affordable housing options in a well-connected locale.