3-Room HDB for Room Rent: 21 Balam Road

The valuation of the 3-room HDB unit located in the vibrant neighborhood of Geylang presents a nuanced understanding of the current property landscape in Singapore. With an estimated value of $28,331 (equivalent to $283 PSF), this property reflects a stable market price that shows a 0% difference from the baseline. This stability indicates a balanced demand and supply scenario in the area, suggesting that buyers are currently willing to purchase at prevailing prices without significant fluctuations.

Given the remaining lease of 38 years, it is essential to consider how lease duration impacts buyer sentiment and investment potential. Properties with shorter remaining leases often experience more pronounced value depreciation as they approach the end of their lease term. However, the Geylang area, characterized by its strategic location and amenities, continues to attract interest from families and investors alike. The model confidence level is rated as medium, supported by data from 15 recent HDB resale transactions within the vicinity. This analytical framework positions the subject property as a prudent investment choice, particularly for buyers looking for affordability in a competitive market.