4 Room (4A) HDB for Sale in 8C Upper Boon Keng Road

The valuation of the HDB 4-room property located in the vibrant district of Geylang, with a remaining lease of 89 years, stands at an estimated value of $1,108,836, translating to a price per square foot of $1,085. This valuation is notable as it reflects an 8.2% premium above the baseline market value, indicating strong demand dynamics in the Geylang area. This upward adjustment can be attributed to several factors, including the strategic location of Geylang, which offers convenient access to amenities, public transportation, and a diverse cultural landscape that appeals to both families and young professionals alike.

The model confidence in this valuation is categorized as high, supported by an analysis of 38 recent HDB resale transactions in the vicinity. Such robust market data demonstrates a consistent trend of appreciation in property values, particularly for units with longer remaining leases. The remaining lease of 89 years further enhances the property's desirability, as it provides future homeowners with a significant tenure to enjoy and invest in the property. The current market dynamics suggest that Geylang remains a sought-after location, reinforcing the premium valuation of this HDB unit.