3 Room (3I) HDB for Sale in 1 Haig Road

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 49 years, is estimated at $261,150, translating to a price per square foot of $411. This valuation reflects a significant market signal, indicating a premium of 71.5% above the baseline, suggesting a strong demand for HDB properties in this vibrant locale. The high confidence level of this model is bolstered by an analysis of 419 recent HDB resale transactions in the vicinity, which provides a robust dataset for comparative valuation.

Geylang, known for its rich cultural heritage and strategic location, continues to attract buyers despite the relatively shorter remaining lease. The substantial price differential can be attributed to several factors, including the area’s accessibility, amenities, and ongoing urban development initiatives. As the Singapore property landscape evolves, this valuation serves as a critical indicator of the resilience and appeal of HDB flats in established neighborhoods, where demand frequently outstrips supply.