3 Room (3NG) HDB for Sale in 120 Potong Pasir Avenue 1

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 57 years, stands at an estimated value of $394,539, translating to a price per square foot (PSF) of $547. This valuation reflects a significant market signal, indicating a premium of 21.7% above the baseline, which underscores the strong demand dynamics in the Geylang area. The high model confidence is derived from a robust analysis of 85 recent HDB resale transactions in the vicinity, suggesting a consistent upward trend in property values in this locale.

Geylang's appeal as a residential area is multifaceted, characterized by its strategic location and proximity to essential amenities, making it a highly sought-after neighborhood for both homeowners and investors. The remaining lease of 57 years is a critical factor in this valuation, as properties with shorter leases often face more significant depreciation. However, the current valuation indicates that buyers are still willing to invest at a premium, likely driven by the area's vibrant culture and accessibility. This indicates a resilient market sentiment, positioning Geylang as a prime target for future growth in Singapore's property landscape.