3 Room (3I) HDB for Sale in 93 Paya Lebar Way

The valuation of the HDB 3 Room unit in Geylang, with a remaining lease of 45 years, stands at an estimated value of $242,784, translating to a price per square foot (PSF) of $389. This valuation is particularly noteworthy as it indicates an above-market position, reflecting a substantial 31.8% premium over the baseline. Such a significant deviation from the market average suggests a strong demand for properties in this locale, driven by the strategic advantages Geylang offers, including its proximity to the central business district and vibrant local amenities.

With a model confidence rating deemed high, this valuation is supported by a robust dataset of 419 recent HDB resale transactions in the vicinity. This data reinforces the underlying market dynamics that are currently favoring sellers, particularly those with properties that exhibit desirable characteristics such as a reasonable remaining lease. As the demand for HDB units remains resilient amidst fluctuating market conditions, potential investors and homeowners should consider the implications of lease duration on future resale value, especially in a neighborhood like Geylang where property values are expected to remain buoyant.