3 Room (3I) HDB for Sale in 57 Geylang Bahru

The valuation of the 3-room HDB in Geylang, with a remaining lease of 47 years, stands at an estimated value of $283,582, translating to a price per square foot (PSF) of $406. This valuation is notably positioned above the market baseline, reflecting a striking 47.4% premium compared to typical market values in the region. Such a substantial variance suggests a strong demand for HDB properties in Geylang, likely driven by its strategic urban location, proximity to amenities, and the vibrant cultural landscape characteristic of this district.

The model confidence in this valuation is classified as high, supported by an extensive analysis of 420 recent HDB resale transactions in the vicinity. This robust dataset underscores the reliability of the price assessment, indicating that potential buyers may be willing to pay a premium for the unique advantages that this property offers. The remaining lease length of 47 years is a critical factor, as it balances the property’s marketability against the perceived depreciation of leasehold properties. As the market continues to evolve, the dynamics surrounding HDB valuations will remain influenced by supply constraints, demographic trends, and urban development initiatives within the Geylang area.