3-Room HDB for Room Rent: 112B Alkaff Crescent

The valuation of the HDB 3 Room unit in Geylang, with a remaining lease of 94 years, stands at an estimated value of $167,299, translating to $1,115 per square foot. This assessment is underscored by a robust model confidence rating of high, indicating a strong reliability in the valuation metrics utilized. The property’s valuation reflects a market signal that aligns precisely with the baseline price, suggesting a stable equilibrium in the current market dynamics.

In analyzing the recent market activity, it is noteworthy that the valuation is supported by data from 44 recent HDB resale transactions in the vicinity. This substantial transaction volume provides a solid foundation for the estimated value, indicating that the Geylang area maintains a resilient demand among buyers. Given the longevity of the remaining lease, this property not only represents a secure living environment but also an attractive investment opportunity, as properties with longer leases often command better market performance and buyer interest.