3-Room HDB for Room Rent: 49 Circuit Road

The valuation of the 3-room HDB unit in Geylang, set at an estimated value of $45,264, reflects a price per square foot (PSF) of $302, which is in alignment with the current market dynamics. With a remaining lease of 37 years, this property sits within a critical threshold for potential buyers who are increasingly conscious of leasehold implications on property value and marketability. The absence of a price differential from the baseline indicates a stabilised market condition, suggesting that the property is competitively priced among its peers in the vicinity.

This valuation is further supported by an analysis of nine recent HDB resale transactions in the area, which demonstrates a steady demand for properties within this locale. The model confidence rating of medium suggests that while the data is reliable, market fluctuations could influence future valuations. It is essential for prospective buyers to consider both the remaining lease and the overall market health when evaluating this opportunity, as these factors will significantly impact the long-term investment potential of the property.