3 Room (3STD) HDB for Sale in 24 Balam Road

The valuation of the HDB 3-room property located in Geylang reflects a notable market signal, with an estimated value of $174,477 or $301 PSF. This valuation suggests that the property is positioned above the market average, indicated by a striking 100.6% difference from the baseline. Such a premium valuation could be attributed to various factors, including the property's strategic location, demand dynamics in the Geylang precinct, and the remaining lease of 38 years, which is an essential consideration for prospective buyers.

In assessing this property, it is important to note the medium level of model confidence derived from the analysis of 11 recent HDB resale transactions in the vicinity. This sample size provides a reasonable benchmark for understanding local market trends; however, the medium confidence level suggests that fluctuations may exist due to external market pressures or shifts in buyer sentiment. Investors and homeowners alike should consider the implications of the remaining lease while evaluating the potential for future appreciation or depreciation in value, as the dynamics of the HDB market in Singapore continue to evolve.