3 Room (3I) HDB for Rent in 93 Paya Lebar Way

The valuation of the HDB 3-room unit located in Geylang, with an estimated market value of $225,445, reflects a calculated price per square foot of $361. This valuation is underpinned by a remaining lease of 45 years, which is a critical factor influencing both buyer sentiment and potential investment returns. With a market signal indicating a 0% difference from the baseline, this property is positioned at a stable market equilibrium, suggesting that current pricing is in line with prevailing market conditions.

The model confidence for this valuation is categorized as medium, suggesting some variability in the data that underlies this estimate. The analysis is based on nine recent HDB resale transactions within the vicinity, providing a relevant comparative framework. As Geylang continues to evolve as a vibrant residential precinct, the dynamics of demand and supply in the HDB market here are critical to monitor. Buyers should consider not only the remaining lease but also the broader implications of upcoming urban developments and infrastructure enhancements that could further influence property values in this area.