3 Room (3S) HDB for Rent in 302 Ubi Avenue 1

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 60 years, is estimated at $436,116, translating to a price per square foot (PSF) of $633. This valuation represents a market price that is consistent with the baseline, indicating a stable demand within this segment of the residential market. The absence of variation from the baseline suggests that current market dynamics are maintaining equilibrium, although it is essential to note the model confidence is rated as low, reflecting potential volatility in the valuation due to external factors.

Analyzing the recent HDB resale transactions in the vicinity, it is evident that the Geylang area is experiencing a nuanced interplay of supply and demand. The current valuation is informed by four recent transactions, which indicate a cautious market sentiment. With a remaining lease of 60 years, prospective buyers may weigh the impact of lease duration on future resale value. As urban development continues and Geylang evolves, the attractiveness of such properties may fluctuate, necessitating vigilant monitoring of market trends and buyer sentiment to make informed investment decisions.