3 Room (3S) HDB for Rent in 20 Balam Road

The valuation of the 3-room HDB unit located in Geylang, with a remaining lease of 40 years, stands at an estimated value of $192,609, translating to a price per square foot (PSF) of $281. This valuation reflects a market price that is in line with the baseline, indicating a stable demand within the local property market. The absence of any deviation from the baseline price suggests a balanced supply and demand scenario, where buyers and sellers are currently aligned in their expectations of value.

However, it is crucial to note that the model confidence for this valuation is categorized as low, which may indicate potential variability in the market dynamics affecting this property type. The analysis is supported by three recent HDB resale transactions in the vicinity, providing a modest but relevant data set for comparison. Given the remaining lease of 40 years, prospective buyers should be cognizant of the implications of leasehold properties in Singapore, particularly how lease duration can influence future resale value and buyer interest. It is advisable for investors and homeowners alike to remain vigilant of market trends and shifts that could impact the overall viability of such HDB units in Geylang.