3 Room (3STD) HDB for Rent in 61 Circuit Road

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 75 years, stands at an estimated value of $370,972, translating to $566 per square foot. This valuation reflects a stable market position, with the current market price showing a 0% difference from the baseline, indicating a balance between supply and demand in the area. Such stability is significant, as it suggests that buyers are aligning their expectations with the market realities, particularly in a location that is traditionally favored for its accessibility and cultural vibrancy.

Our analysis is bolstered by a review of 8 recent HDB resale transactions in the vicinity, providing a solid foundation for this valuation. The medium model confidence level indicates reasonable reliability, taking into account the current market dynamics and the unique characteristic of the Geylang district. With its remaining lease of 75 years, the property not only offers a substantial period for habitation but also presents a compelling investment opportunity for potential buyers seeking long-term capital appreciation in an area known for its robust rental market.