3 Room (3S) HDB for Rent in 304 Ubi Avenue 1

The valuation of the 3-room HDB in Geylang, with a remaining lease of 75 years, stands at an estimated value of $477,299, reflecting a price per square foot (PSF) of $683. This valuation positions the property at parity with the current market price, indicating a 0% difference from the baseline. Such stability in pricing suggests a balanced demand and supply dynamic within the Geylang area, a location known for its vibrant culture and accessibility to urban amenities.

However, it is essential to note the model confidence is categorized as low, primarily due to the reliance on only one recent resale transaction in the vicinity. This limited data point may not adequately capture the broader market trends or nuances specific to the HDB segment in Geylang. As the remaining lease diminishes over time, potential buyers should weigh the implications of the lease duration on future resale value and marketability, particularly in a competitive urban landscape where leasehold properties are often scrutinized for their longevity and investment potential.