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

The valuation of the HDB 3 Room property in Geylang, with a remaining lease of 75 years, has been estimated at $443,089, translating to a price per square foot of $615. This valuation reflects a market price that is approximately 3.4% higher than the baseline, indicating a slight upward trend in the local real estate dynamics. The Geylang area, known for its vibrant mix of residential and commercial activities, continues to attract interest from both homebuyers and investors, despite facing competition from newer developments.

However, it is important to note that the model confidence for this valuation is categorized as low, primarily due to the reliance on a single recent HDB resale transaction in the vicinity. This limited data set may not fully encompass the broader market sentiment or potential fluctuations in demand. As the remaining lease of 75 years provides the property with a decent lifespan, it is essential for prospective buyers to consider both the leasehold implications and the evolving market conditions that could impact future resale values.