3 Room (3A) HDB for Sale in 118A Alkaff Crescent

The valuation of the HDB 3-room unit located in Geylang, with a remaining lease of 92 years, stands at an estimated value of $884,139, translating to a price per square foot (PSF) of $1,141. This valuation not only reflects the intrinsic value of the property but also positions it within the broader market dynamics, showcasing a mere 0.7% difference from the established baseline. Such a minimal deviation indicates a stable market environment, underscoring the resilience of property prices in this sought-after locale.

Based on a thorough analysis of 60 recent HDB resale transactions in the vicinity, the model exhibits a high confidence level in this valuation. The sustained interest in Geylang, coupled with the longevity of the remaining lease, significantly enhances the attractiveness of this HDB unit for both owner-occupiers and investors alike. As the market evolves, the interplay of lease duration and location will continue to play a crucial role in shaping property values, making this a strategic investment opportunity in Singapore's vibrant real estate landscape.