3 Room (3I) HDB for Rent in 12 Upper Boon Keng Road

The valuation of the HDB 3-room unit located in the vibrant precinct of Geylang, with a remaining lease of 47 years, stands at an estimated value of $316,158, translating to a price per square foot (PSF) of $392. This valuation is particularly noteworthy given its alignment with the baseline market price, indicating a stable market environment for similar properties in the area. The model confidence for this estimate is assessed as high, bolstered by a robust dataset derived from 114 recent HDB resale transactions within the vicinity.

The Geylang locality has consistently been a focal point for both investors and homeowners, driven by its strategic location and rich cultural tapestry. The remaining lease of 47 years, while slightly below the average for newer developments, still positions this unit favorably within the market dynamics, as it appeals to a diverse demographic seeking affordability in a well-connected urban area. As such, the current valuation reflects not only the intrinsic value of the property itself but also the broader sentiment prevailing in the HDB market, where demand remains resilient amidst fluctuating economic conditions.