3-Room HDB for Room Rent: 95 Aljunied Crescent

The valuation of the HDB 3 Room unit in Geylang, with a remaining lease of 47 years, stands at an estimated value of $58,941, translating to a price per square foot (PSF) of $393. This figure is reflective of the current market conditions, showing no deviation from the baseline price, indicating a stable market environment for HDB properties in this locale. The valuation is based on an analysis of 11 recent resale transactions in the vicinity, providing a robust dataset that enhances the reliability of the assessment.

The medium confidence level associated with this valuation suggests that while the data supports the estimated price, fluctuations in market sentiment and external economic factors could influence future pricing trends. With the remaining lease period being a critical component in HDB valuations, potential buyers should consider the implications of a 47-year lease on long-term investment viability. Given Geylang's ongoing urban development and its strategic location, the property remains an attractive option for both homebuyers and investors looking to capitalize on the area's evolving market dynamics.