3 Room (3NG) HDB for Sale in 115 Potong Pasir Avenue 1

The valuation of the HDB 3-room property located in Geylang, with a remaining lease of 75 years, stands at an estimated value of $443,089, translating to a price per square foot (PSF) of $615. This valuation reflects a market price that is 3.4% higher than the baseline, indicating a modest upward trend in property values within this locality. The Geylang area, known for its vibrant cultural tapestry and strategic location close to the Central Business District, continues to attract both homeowners and investors alike, despite the fluctuations seen in the broader Singapore real estate market.

However, it is crucial to note that the model confidence for this valuation is classified as low, primarily due to the reliance on only one recent resale transaction in the vicinity. This limited data set may not fully encapsulate the dynamic nature of the Geylang property market, which can be influenced by various factors including upcoming urban developments and demand-supply shifts. As such, potential buyers and investors should exercise caution and conduct further due diligence when considering this property, particularly in light of the remaining lease which, while substantial, may still impact long-term investment value.