3-Room HDB for Room Rent: 61 Circuit Road

The valuation of the HDB 3-room property in Geylang, with a remaining lease of 37 years, stands at an estimated value of $42,701, translating to a price per square foot of $285. This figure reflects a stable market condition, with a market price that indicates a 0% difference from the baseline. Such stability suggests that the property is well-positioned within the current market dynamics, which are influenced by the area's desirability and the prevailing economic conditions.

Analyzing the recent HDB resale transactions in Geylang, where eight comparable units have been traded, the model confidence is assessed as medium. This medium confidence level indicates a reasonable degree of variability in market conditions, influenced by factors such as demand fluctuations and buyer sentiment. As Geylang continues to be an attractive locale due to its vibrant culture and strategic connectivity, properties like this HDB unit are likely to maintain their value, notwithstanding the diminishing lease period. Investors and homebuyers should remain cognizant of the lease dynamics, as properties with shorter remaining leases may exhibit varying levels of appeal in the long term.