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

The valuation of the HDB 3-room unit located in Geylang stands at an estimated value of $316,158, translating to $392 PSF. This valuation is premised on a remaining lease term of 47 years, which positions the property within a competitive segment of the market, especially appealing to first-time buyers and investors seeking long-term rental potential. The strong model confidence of High indicates robust analytical backing, derived from a comprehensive review of 114 recent HDB resale transactions in the vicinity, establishing a reliable baseline for market comparison.

Notably, the property exhibits a market price that reflects a 0% difference from the baseline, signifying a stable market equilibrium in the Geylang area. This stability suggests that demand for HDB units in this region remains resilient despite general market fluctuations. The remaining lease period of 47 years highlights a critical consideration for prospective buyers, as it balances the potential for capital appreciation against the implications of leasehold tenure. As Singapore's urban landscape continues to evolve, Geylang's strategic location and vibrant community dynamics position this property as a prudent investment choice in the current real estate climate.