3 Room (3A) HDB for Sale in 121 Potong Pasir Avenue 1

The valuation of the HDB 3-room unit located in Geylang, with a remaining lease of 57 years, stands at an estimated value of $375,450 or $465 PSF. This valuation notably exceeds the baseline market value by 56.6%, indicating a significant premium in the current market conditions. Such a disparity suggests a heightened demand for properties in this locale, likely driven by Geylang's strategic position and ongoing urban development initiatives that continue to enhance its appeal as a residential area.

However, it is important to highlight that the model confidence in this valuation remains low, primarily due to the limited data set, with only one recent HDB resale transaction in the vicinity informing this estimate. This lack of robust transaction data may reflect volatility in the market, warranting careful consideration for potential buyers and investors. As leasehold properties, especially those with a remaining tenure of 57 years, often face varying buyer sentiments, understanding the dynamics of lease decay and the implications for future value retention becomes crucial in assessing the long-term investment potential of this HDB unit.