3-Room HDB for Room Rent: 115 Potong Pasir Avenue 1

The HDB 3-room property located in the vibrant enclave of Geylang presents an intriguing valuation landscape, with an estimated value of $38,127, translating to a price per square foot (PSF) of $477. With a remaining lease of 57 years, this property is positioned within a critical juncture of market dynamics, exhibiting a market price that is remarkably aligned with the baseline, reflecting a 0% difference. This indicates a stable valuation environment, suggesting that the property is effectively positioned within the current market conditions.

However, it is essential to note the low model confidence associated with this valuation, primarily driven by the reliance on a limited data set, encompassing only one recent HDB resale transaction in the vicinity. This scarcity of comparable sales not only adds a layer of uncertainty to the valuation but also underscores the need for potential buyers and investors to exercise caution. As the remaining lease diminishes over time, the property’s value trajectory may be influenced by broader market trends and the evolving demand for HDB units in Geylang, a district known for its rich cultural tapestry and central location.