3-Room HDB for Room Rent: 148 Potong Pasir Avenue 1

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 58 years, is estimated at $86,765, translating to approximately $578 per square foot. This figure is aligned with the baseline market price, reflecting a 0% difference, which indicates a stable market position for similar properties in the area. The high model confidence rating is bolstered by a thorough analysis of 55 recent HDB resale transactions within the vicinity, providing a robust dataset that underscores the reliability of this valuation.

Geylang has demonstrated resilience in its property market, characterized by a consistent demand for HDB units despite the diminishing lease period. The remaining 58 years of lease offers potential buyers an adequate duration for investment and habitation, appealing particularly to younger families and first-time homeowners. As urban development continues to reshape Geylang, the area's accessibility and vibrant community life further enhance its attractiveness, suggesting that this valuation is not only reflective of current market conditions but also indicative of future growth potential.