3 Room (3A) HDB for Sale in 143 Potong Pasir Avenue 2

The valuation of the HDB 3-room property located in Geylang, with a remaining lease of 56 years, stands at an estimated value of $436,307, translating to a price per square foot (PSF) of $548. This valuation reflects a significant market signal, positioning it 44.4% above the baseline for comparable properties in the area. Such a premium suggests a strong demand for HDB units in Geylang, driven by factors such as proximity to urban amenities, excellent connectivity, and the area's overall desirability.

Our analysis is supported by a robust data set comprising 95 recent HDB resale transactions in the vicinity, which enhances the confidence in our model's accuracy, rated as High. The above-market valuation may also indicate a healthy competition among buyers, potentially fueled by the anticipated urban development and regeneration projects in Geylang, further solidifying the area's position as a sought-after residential enclave. As the remaining lease is 56 years, buyers should weigh the long-term implications of leasehold properties against the backdrop of market trends and future potential for appreciation.