3 Room (3NG) HDB for Sale in 118 Potong Pasir Avenue 1

The valuation of the 3-room HDB property located in Geylang, with a remaining lease of 57 years, stands at an estimated value of $386,848, translating to a price per square foot (PSF) of $537. This valuation positions the property above the market average, reflecting an 8.6% premium over the baseline. Such a differential underscores the strong demand dynamics at play in the Geylang area, a neighborhood known for its vibrant cultural tapestry and strategic connectivity to key urban amenities.

Our analysis draws from a robust dataset of 90 recent HDB resale transactions in the vicinity, which bolsters the model's confidence level categorized as high. This confidence is essential when considering the implications of a remaining lease of 57 years. While a shorter lease term may traditionally dampen investment appeal, the premium valuation suggests that buyers are willing to overlook typical leasehold concerns in favor of Geylang's enduring allure and potential for future appreciation. As such, this property represents a compelling opportunity for discerning investors in a competitive market landscape.