3-Room HDB for Room Rent: 5A Upper Boon Keng Road

The valuation of the three-room HDB unit in Geylang, with a remaining lease of 83 years, stands at an estimated value of $108,322, translating to a price per square foot (PSF) of $1,083. This valuation reflects a market price that is in alignment with the baseline, indicating that there is currently no significant upward or downward pressure on the pricing for similar properties in the area. The model confidence for this valuation is categorized as medium, suggesting a reasonable level of certainty based on the data available.

Analyzing the local market dynamics, the property’s value is derived from a comparative analysis of nine recent HDB resale transactions in the vicinity, which provides a robust framework for assessing the prevailing trends. Geylang, known for its strategic location and vibrant community, continues to attract interest from both homeowners and investors. The stability in the estimated value underscores an equilibrium in the market, while the remaining lease period of 83 years offers potential buyers a significant tenure, thereby enhancing the property’s appeal. Such characteristics are essential in understanding the long-term value retention of HDBs in this district.