3-Room HDB for Room Rent: 28 Balam Road

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 68 years, has been estimated at $102,558, translating to a price per square foot (PSF) of $570. This assessment reflects a market price that aligns perfectly with the baseline, indicating a 0% difference. Such stability in valuation suggests a resilient demand for HDB properties in this vibrant district, which is known for its eclectic mix of cultural influences and amenities.

With a high model confidence level, derived from an analysis of 421 recent HDB resale transactions within the vicinity, the data reinforces the attractiveness of this property type in Geylang. The remaining lease of 68 years positions it favorably for potential buyers who are looking for a balance between affordability and longevity in their investment. Given the area's evolving dynamics and the continuous interest in HDB properties, this valuation is indicative of both current market conditions and future growth potential.