3-Room HDB for Room Rent: 11 Upper Boon Keng Road

The valuation of the HDB 3-room unit located in Geylang, with a remaining lease of 48 years, stands at an estimated value of $60,976, translating to a price per square foot (PSF) of $407. This valuation reflects a critical analysis of the current market dynamics, illustrating a stable market condition with a 0% difference from the baseline price for similar properties in the area. Such stability indicates a balanced demand and supply scenario, providing a favorable environment for potential buyers and investors.

With the model confidence rated as high, this valuation is further substantiated by a robust dataset, derived from 96 recent HDB resale transactions within the vicinity. The sustained interest in Geylang, a locality known for its vibrant community and accessibility, contributes to maintaining property values even as the lease term diminishes. As the remaining lease approaches the midpoint, it is essential for stakeholders to consider the implications of leasehold tenureship in Singapore's real estate landscape, particularly how it influences buyer sentiment and pricing strategies.