3 Room (3I) HDB for Sale in 11 Upper Boon Keng Road

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 48 years, stands at an estimated value of $288,331, translating to an impressive $406 per square foot. This valuation is notably above the market baseline by 51.9%, indicating a significant premium that reflects the desirability of the location amidst the evolving urban landscape of Singapore. The Geylang district is known for its vibrant culture and accessibility, making it an attractive option for both homeowners and investors alike.

Our analysis, grounded in a robust dataset of 94 recent HDB resale transactions in the vicinity, demonstrates a high level of model confidence in this valuation. The substantial difference from the baseline price suggests that demand for HDB properties in this area remains strong, despite the remaining lease period. This premium could be attributed to various factors, including the unit's proximity to essential amenities and transport links, which continue to enhance its appeal in the current market. As the urban dynamics shift and the demand for well-located properties persists, this HDB unit exemplifies the potential for appreciating value in the coming years.