3-Room HDB for Room Rent: 302 Ubi Avenue 1

The valuation of the 3-room HDB unit located in Geylang, with a remaining lease of 60 years, stands at an estimated value of $120,264, translating to a price per square foot (PSF) of $633. This valuation reflects a market price that is on par with the baseline, indicating stable demand yet a cautious market sentiment. The absence of any significant variance from the baseline suggests that the property is performing consistently within the local market, though it may not exhibit the robust growth potential seen in more dynamic areas.

Model confidence for this valuation is categorized as low, which emphasizes the need for caution when interpreting these figures. This rating is derived from the analysis of only four recent HDB resale transactions in the vicinity, indicating a limited data pool that may not fully capture the broader market dynamics. The Geylang area remains a unique micro-market, characterized by its blend of residential and commercial activities, which can influence property values in unpredictable ways. As the remaining lease dwindles to 60 years, prospective buyers should consider the implications of leasehold tenure on future resale value and market desirability, particularly in a landscape where lease decay can become a significant factor in long-term investment decisions.