3 Room (3I) HDB for Rent in 72 Geylang Bahru

The valuation of the HDB 3-room property located in Geylang, with a remaining lease of 46 years, is estimated at $283,654, translating to a price per square foot of $405. This valuation emerges from a careful analysis of the current market dynamics and the specific characteristics of the property. Notably, the market price reflects a 0% difference from the baseline, indicating a stable market condition with no significant fluctuations in demand or supply in the vicinity.

However, it is essential to emphasize the low model confidence associated with this valuation, which arises from the reliance on only one recent HDB resale transaction in the area. This limited dataset suggests caution when interpreting the valuation, as it may not fully encapsulate the broader market trends or the nuanced desirability of the Geylang locale. With the remaining lease of 46 years, potential buyers should consider the implications of leasehold duration on the property’s future value, especially in a market where leasehold properties can exhibit varying levels of appeal based on remaining lease tenure.