1 Bed Corner Terrace (Landed) for Rent in Macpherson Garden Estate

The valuation of the HDB 3 Room unit in Geylang, with a remaining lease of 43 years, stands at an estimated value of $252,812, translating to a price per square foot of $421. This valuation reflects a market price that shows no deviation from the established baseline, indicating a stable demand amidst the current fluctuations in the HDB resale market. The average price point, aligned with recent transactions, suggests that this property is positioned within a competitive range, appealing to both first-time buyers and investors seeking to capitalize on Geylang's ongoing urban development.

With a model confidence rating of medium, this valuation is substantiated by a thorough analysis of nine recent HDB resale transactions in the vicinity, all of which support the current pricing trend. The remaining lease of 43 years is a crucial factor, as properties with limited lease tenures often face more scrutiny from potential buyers. However, Geylang's strategic location and vibrant community dynamics continue to bolster interest, thereby mitigating the typical concerns associated with shorter lease HDB properties. As the area evolves, the demand for such units is likely to remain resilient, providing a steady investment outlook for prospective purchasers.