3 Room (3I) HDB for Rent in 11 Upper Boon Keng Road

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 48 years, stands at an estimated value of $291,229, translating to a competitive rate of $404 per square foot. This pricing reflects a robust market condition, with the property positioned at a 0% difference from the baseline, indicating stability in demand and supply dynamics in the Geylang vicinity. The HDB market in this area has demonstrated resilience, characterized by a consistent flow of transactions that underpins the perceived value of such properties.

Notably, the model confidence for this valuation is high, derived from an extensive analysis of 101 recent HDB resale transactions in the surrounding locale. This data set not only reinforces the accuracy of the estimated value but also encapsulates the prevailing market sentiment. As the remaining lease of the property is still substantial at 48 years, it is likely to attract both owner-occupiers and investors, ensuring continued interest in the Geylang area. The combination of a well-maintained lease period and a stable market position makes this HDB unit a compelling consideration for prospective buyers.