3 Room (3I) HDB for Rent in 12 Upper Boon Keng Road

The HDB 3-room unit located in Geylang, with a remaining lease of 48 years, has been appraised at an estimated value of $341,875, translating to a price per square foot (PSF) of $488. This valuation reflects a market signal indicating a 0% difference from the baseline, suggesting that the property is currently positioned at a stable price point within the local market framework. The flat's proximity to amenities and transport links contributes to its desirability, yet the remaining lease term may limit its appeal to future buyers who are increasingly discerning about lease duration.

Despite the seemingly steady market price, it is crucial to note that the model confidence for this valuation is categorized as low. This classification arises from the reliance on only two recent HDB resale transactions within the vicinity, which may not provide a comprehensive representation of market dynamics. As the HDB market continues to evolve, particularly in areas like Geylang which are subject to varied developmental pressures and socio-economic changes, prospective buyers and investors should exercise caution. Understanding the implications of the remaining lease period on long-term value retention will be key for stakeholders navigating this segment of Singapore's real estate landscape.