3 Room (3S) HDB for Rent in 30 Balam Road

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 40 years, stands at an estimated value of $200,748, translating to a price per square foot (PSF) of $327. This valuation reflects a market price that is aligned with baseline expectations, showcasing a 0% difference from the established benchmark. Such stability in pricing indicates a balanced demand and supply within the Geylang precinct, which has remained a sought-after location for both homeowners and investors alike.

However, the model confidence associated with this valuation is classified as low, suggesting a degree of uncertainty in the market dynamics influencing this property. The valuation is based on three recent HDB resale transactions in the immediate vicinity, pointing to a localized market trend that may not fully capture broader economic shifts or housing policy impacts. As the remaining lease diminishes, potential buyers should carefully consider the implications on future resale prospects, as properties with shorter leases may experience fluctuations in value based on market sentiment and demand for longer lease tenures.