3-Room HDB for Room Rent: 21 Balam Road

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 38 years, is estimated at $28,331, translating to a price per square foot (PSF) of $283. This valuation is positioned at the baseline market price, reflecting a 0% difference, which indicates a stable demand-supply equilibrium in this vibrant residential enclave. The Geylang area, known for its strategic location and rich cultural tapestry, has demonstrated resilience in property values, making it an attractive option for both homeowners and investors alike.

Analyzing recent market dynamics, the model confidence in this valuation sits at a medium level, underscoring the inherent variability in the HDB resale market. This estimate is derived from a comprehensive review of 15 recent HDB resale transactions in the vicinity, which provide a solid benchmark for understanding current market sentiments. Investors and homeowners should consider the remaining lease term as a pivotal factor in their decision-making, as it influences both the unit's marketability and future appreciation potential. As the lease diminishes, the intrinsic value may fluctuate, necessitating a strategic approach for prospective buyers.