3-Room HDB for Room Rent: 321 Ubi Avenue 1

The valuation for the HDB 3-room unit located in Geylang, with a remaining lease of 58 years, is estimated at $29,074, translating to a price per square foot (PSF) of $529. This valuation reflects a market price that is positioned at a 0% difference from the baseline, indicating stability in the current market conditions for HDB properties in this locale. The Geylang area has historically been a vibrant neighborhood, attracting both residents and investors, which can influence demand and pricing dynamics.

However, it is important to note that the model confidence for this valuation is categorized as low, primarily due to the reliance on just one recent HDB resale transaction in the vicinity. This limited data input may not fully encapsulate the broader market trends or fluctuations, suggesting caution for potential buyers or investors. As the remaining lease of 58 years plays a crucial role in the long-term value proposition of HDB properties, stakeholders should consider the implications of lease duration on future resale potential and market desirability. Overall, while the current valuation appears stable, further analysis and additional transaction data would provide a more comprehensive understanding of the Geylang HDB market dynamics.