3-Room HDB for Room Rent: 10 Haig Road

The valuation of the HDB 3 Room property located in Geylang, with a remaining lease of 49 years, stands at an estimated value of $332,217, translating to approximately $461 per square foot (PSF). This valuation is derived from a comprehensive analysis of 13 recent HDB resale transactions within the vicinity, providing a robust dataset that reflects current market dynamics and buyer sentiment. The model confidence is rated as medium, indicating a reasonable level of certainty in the valuation despite the inherent variability present in the real estate market.

Notably, the property exhibits a market price that is on par with the baseline, showcasing a 0% difference. This stability suggests a balanced demand and supply scenario in the Geylang area, where the HDB market continues to attract interest despite the remaining lease period. With 49 years left on the lease, potential buyers may weigh the implications of lease decay against the property’s location and amenities. The Geylang district remains a vibrant hub, characterized by its rich cultural tapestry and accessibility, which may contribute positively to the long-term value retention of HDB properties in the area.