3-Room HDB for Room Rent: 57 Circuit Road

The valuation of the 3-room HDB in Geylang, with a remaining lease of 37 years, stands at an estimated value of $32,308, translating to a price per square foot (PSF) of $294. This valuation reflects a market price that aligns perfectly with the baseline, indicating a neutral market signal where demand and supply appear balanced. Given the current landscape of the Geylang area, this stability suggests a period of consolidation amidst evolving market dynamics.

It is noteworthy that the model confidence for this valuation is classified as low, which may imply variability in buyer sentiment or fluctuations in the local property market. The analysis is based on seven recent HDB resale transactions in the vicinity, providing a foundational insight into prevailing market trends. As the remaining lease shortens, potential buyers may exhibit cautiousness, potentially impacting future appreciation rates. Investors and homeowners alike must consider these factors when making informed decisions in this evolving marketplace.