3-Room HDB for Room Rent: 10 Haig Road

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 49 years, stands at an estimated value of $332,217, translating to a price per square foot (PSF) of $461. This valuation reflects a market price that is currently stable, showing a 0% difference from the baseline. Such consistency in pricing indicates a balanced demand and supply dynamic within this segment of the HDB market, particularly in a location as vibrant and multifaceted as Geylang.

Supporting this valuation are insights drawn from 13 recent HDB resale transactions in the vicinity, which provide a robust dataset for analysis. The medium confidence level of the model suggests that while the valuation is grounded in observable market trends, there remains a degree of variability inherent to the local real estate landscape. As Geylang continues to evolve, characterized by its rich cultural tapestry and strategic accessibility, the longevity of the HDB lease combined with the competitive pricing may present a compelling proposition for potential buyers and investors alike, highlighting the enduring appeal of HDB living in this dynamic district.