5 Room (5STD) HDB for Sale in 38 Upper Boon Keng Road

The valuation of the HDB 5-room property located in Geylang, with a remaining lease of 49 years, stands at an estimated value of $602,307, translating to a price per square foot (PSF) of $491. This valuation is notably positioned above the market average, reflecting a significant 16.1% premium compared to the baseline. Such a strong market signal indicates heightened demand and a potentially favorable investment outlook for this particular property type within the Geylang vicinity.

Our analysis, grounded in a comprehensive review of 136 recent HDB resale transactions in the area, reveals a robust market confidence level. The high model confidence suggests that the valuation is supported by consistent buyer interest and transaction activity, despite the diminishing lease length. Investors should consider the dynamics of leasehold properties in Singapore, where the remaining lease can impact both resale value and buyer sentiment. The Geylang district, known for its vibrant community and accessibility, continues to attract diverse demographics, further enhancing the desirability of this property.