3 Room (3STD) HDB for Sale in 22 Balam Road

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 38 years, reflects a notable market signal that positions it above the current baseline. The estimated value of $195,940 translates to a price per square foot (PSF) of $303, which is approximately 57.2% higher than the prevailing market conditions in the area. This substantial premium suggests a strong demand for properties in this locale, driven by Geylang's strategic location and its appeal to various demographics, including young professionals and families seeking affordable housing options.

However, the model confidence for this valuation is categorized as low, indicating potential volatility in the market dynamics surrounding HDB transactions in Geylang. The analysis is based on six recent resale transactions, which may not fully capture the broader market trends or the unique attributes of the subject property. As the remaining lease diminishes, potential buyers may become increasingly cautious, particularly in a market where lease duration plays a critical role in valuation. Therefore, while the current estimated value reflects a premium positioning, prospective investors and homeowners should consider the risk factors associated with shorter lease tenures in the HDB landscape.