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

The valuation of the HDB 3-room unit located in Geylang, with an estimated value of $390,520, reflects a robust market positioning, particularly given its remaining lease of 57 years. Priced at $542 per square foot, this property registers an impressive 7.5% above the baseline market value, indicating a strong demand and competitive interest in the Geylang area. This upward valuation trend can be attributed to various factors including the property's strategic location, accessibility to amenities, and the overall appeal of the Geylang precinct as a vibrant urban hub.

Our analysis, based on 89 recent HDB resale transactions in the vicinity, reveals a high model confidence in this valuation. The strength of this data set underscores the resilience of the HDB market, particularly within desirable districts such as Geylang, where the interplay of supply and demand remains favorable. As such, potential buyers and investors should consider the enduring value of this property, driven by its leasehold status and the ongoing urban development initiatives in the surrounding area.