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

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 57 years, has been estimated at $390,520, translating to a price per square foot (PSF) of $542. This valuation situates the property above the baseline market value by 7.5%, indicating a competitive standing within the current HDB resale landscape. The model confidence for this valuation is classified as high, underscoring the reliability of the data derived from a robust analysis of 89 recent HDB resale transactions in the vicinity.

The significant remaining lease of 57 years is a crucial factor influencing the property's desirability, as it provides prospective buyers with a substantial tenure in a vibrant and well-connected district like Geylang. This area is characterized by a blend of cultural richness and modern amenities, making it a sought-after location for both families and young professionals. The above-market valuation suggests a strong demand, potentially driven by the area's accessibility and evolving urban landscape. As such, investors and homeowners alike may view this property as a strategic acquisition amidst fluctuating market conditions.