3-Room HDB for Room Rent: 112B Alkaff Crescent

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 94 years, stands at an estimated value of $167,299, translating to a robust $1,115 per square foot (PSF). This valuation indicates a strong alignment with the current market trends, as evidenced by a market price that reflects a 0% deviation from the baseline. Such stability is a testament to the enduring appeal of Geylang, a locale that continues to attract diverse demographics, particularly young professionals and families seeking accessibility to urban amenities.

Our analysis, grounded in data from 44 recent HDB resale transactions in the vicinity, underscores a high model confidence level, reinforcing the reliability of the valuation. The current market dynamics suggest a balanced supply and demand scenario, which is critical in maintaining property values in the region. With the remaining lease of 94 years, this property not only offers a substantial tenure but also positions itself favorably in the eyes of potential buyers who prioritize long-term investment stability.