3-Room HDB for Room Rent: 5A Upper Boon Keng Road

The valuation of the HDB 3 Room unit in Geylang, with a remaining lease of 83 years, stands at an estimated value of $108,322, translating to a price per square foot (PSF) of $1,083. This valuation reflects a stable market signal, with a notable 0% difference from the baseline, indicating that the current price aligns closely with the prevailing market conditions in the area. Such stability is often a hallmark of mature neighborhoods like Geylang, where demand remains consistent due to its strategic location and established amenities.

The confidence level for this valuation is assessed as medium, based on insights drawn from 9 recent HDB resale transactions in the vicinity. This medium confidence underscores the dynamic nature of the HDB market, where external factors such as economic conditions, interest rates, and local development plans can influence buyer sentiment and pricing. As Geylang continues to evolve, the combination of its rich cultural tapestry and accessibility will likely sustain interest, making it a compelling option for both homeowners and investors alike.