3-Room HDB for Room Rent: 21 Balam Road

The valuation of the HDB 3 Room unit in Geylang, with a remaining lease of 38 years, stands at an estimated value of $28,331, translating to a price per square foot of $283. This valuation reflects a balanced market signal, indicating a 0% difference from the baseline, which underscores a stable pricing environment for similar properties in the vicinity. The absence of price fluctuation indicates a consistent demand for HDB units in this vibrant locale, characterized by its strategic proximity to urban amenities and transport links.

Our analysis, derived from 15 recent HDB resale transactions in the Geylang area, reveals a medium level of confidence in the valuation, suggesting that while the data supports the estimated value, fluctuations in buyer sentiment and local market conditions can still play a significant role. As Singapore continues to navigate its evolving real estate landscape, the remaining lease of this property is a critical factor for potential buyers, as it balances between the longevity of ownership and the investment horizon. The Geylang area remains a desirable option for both homeowners and investors, reinforcing its status as a competitive segment within Singapore's HDB market.