3 Room (3I) HDB for Sale in 11 Upper Boon Keng Road

The valuation of the HDB 3 Room unit in Geylang, with a remaining lease of 48 years, reflects a significant market signal, categorizing it as above market by 68.9% compared to the baseline. Estimating the property value at $284,147, or $407 PSF, underscores the competitive nature of this segment within the Geylang precinct. The elevated valuation is supported by a robust analysis of 96 recent HDB resale transactions in the vicinity, which provides a comprehensive dataset that enhances the model's confidence level, rated as high.

Given the current urban dynamics and demand for properties in Geylang, this valuation not only highlights the desirability of HDB units in this locale but also indicates a trend of increasing market prices, despite the relatively shorter remaining lease. The strategic positioning of Geylang, coupled with its vibrant community and accessibility, further reinforces the sound investment appeal of this property. Investors should be cognizant of leasehold considerations while recognizing the potential for appreciation in value in a thriving urban environment.