3 Room (3STD) HDB for Sale in 49 Circuit Road

This valuation report focuses on a 3-room HDB unit located in the vibrant enclave of Geylang, boasting a remaining lease of 42 years. With an estimated value of $208,878, which translates to approximately $346 per square foot (PSF), this property sits significantly above the market baseline. The 67.6% difference from the baseline indicates strong demand dynamics within the Geylang area, suggesting that buyers are willing to pay a premium for properties in this locale, potentially due to its convenient connectivity and proximity to essential amenities.

Our analysis is based on a comprehensive review of 11 recent HDB resale transactions within the vicinity, providing a solid foundation for our valuation. The medium confidence level reflects the variability in market conditions and the unique characteristics of each transaction. Despite the remaining lease period of 42 years, which typically influences valuation, the strong market signals suggest a robust interest in Geylang properties. This trend may be attributed to Geylang's evolving reputation as a desirable residential area, further underscoring the importance of local market dynamics in determining property values.