3 Room (3A) HDB for Sale in 83A Circuit Road

The valuation of the HDB 3 Room unit in Geylang, with a remaining lease of 92 years, stands at an estimated value of $818,091, translating to a price per square foot (PSF) of $1,118. This valuation reflects a market price that is only 1.3% above the baseline, indicating a relatively stable market condition in this sought-after locale. Geylang, known for its vibrant culture and strategic location, continues to attract both homeowners and investors, which supports the sustained value of HDB properties in this area.

However, it is important to note that the model confidence for this valuation is categorized as low, suggesting that while the data is informed by 7 recent HDB resale transactions in the vicinity, there may be external factors influencing the market that are not fully captured. The remaining lease of 92 years is a significant consideration, as properties with longer leases typically command higher values. Thus, potential buyers should weigh the remaining lease term alongside current market trends and historical performance in Geylang to make informed investment decisions.