3-Room HDB for Room Rent: 21 Balam Road

The valuation of the HDB 3-room unit in Geylang, with an estimated value of $28,331 ($283 PSF), reflects the current dynamics of the property market in this vibrant locale. With a remaining lease of 38 years, this property positions itself within a competitive segment of the HDB resale market, where lease duration significantly influences buyer sentiment and pricing strategies. The valuation indicates a market price that is in line with the baseline, showcasing stability amidst fluctuating market conditions.

Analysis of 15 recent HDB resale transactions in the vicinity supports a medium confidence level in this valuation. This suggests that while market conditions are relatively stable, there may be fluctuations influenced by buyer preferences, demographic shifts, and economic factors. The Geylang area, known for its unique blend of culture and accessibility, continues to attract interest, further solidifying the relevance of this valuation. Stakeholders should remain cognizant of the lease term's impact on future resale potential, as properties with shorter remaining leases often face more significant price pressures.