5 Room (5STD) HDB for Sale in 39 Upper Boon Keng Road

The valuation of the 5-room HDB unit in Geylang, with a remaining lease of 49 years, stands at an estimated value of $540,504, translating to a price per square foot (PSF) of $429. This valuation is notably positioned above the market baseline, reflecting a substantial 20.1% premium. Such a deviation from the baseline value indicates a robust demand for HDB properties in this popular district, suggesting that buyers are willing to pay a premium for units that offer both strategic location and potential for capital appreciation.

The model confidence is rated as high, supported by a thorough analysis of 33 recent resale transactions in the vicinity, which provides a strong foundation for this valuation. The Geylang area is characterized by its vibrant community, accessibility, and proximity to key amenities, all of which contribute to the desirability of such properties. As the market continues to evolve, the dynamics surrounding remaining lease tenure will play a pivotal role in shaping future valuations, making this assessment crucial for potential buyers and investors aiming to navigate the competitive landscape of Singapore’s real estate market.