3 Room (3NG) HDB for Rent in 66 Kallang Bahru

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 47 years, reflects a calculated estimated value of $278,013, translating to $404 PSF. This assessment indicates a market price that remains stable, with a 0% difference from the baseline. Such stability suggests that the property is positioned within a balanced market, where demand and supply dynamics are relatively equal for similar properties in the area.

However, it is crucial to note that the model confidence is classified as low, which introduces a degree of uncertainty in the valuation. The analysis is grounded on only 7 recent HDB resale transactions in the vicinity, indicating a limited data pool that could affect the robustness of the valuation. As Geylang continues to evolve, factors such as urban redevelopment, upcoming infrastructure projects, and changing demographic trends will play a significant role in influencing future property values, particularly for HDB units with leases shorter than 50 years.