3 Room (3STD) HDB for Sale in 61 Circuit Road

The valuation of this HDB 3-room unit in Geylang, with a remaining lease of 75 years, stands at an estimated value of $370,972, translating to a price per square foot (PSF) of $566. This valuation is derived from a careful analysis of recent market trends and comparable sales within the vicinity, specifically taking into account 8 recent HDB resale transactions. The current market price reflects a 3% difference from the baseline, indicating a stable demand amid the broader property market fluctuations.

In the context of Singapore's dynamic real estate landscape, the remaining lease of 75 years is a critical factor. Buyers typically consider the lease duration as it relates to long-term investment potential and resale value. The medium confidence level in this valuation suggests a balanced view of current market conditions, where slight variances in demand and supply dynamics may influence future pricing. Geylang, known for its vibrant culture and accessibility, continues to attract interest from both homeowners and investors, making this property a noteworthy consideration in the current market climate.