3 Room (3I) HDB for Sale in 62 Circuit Road

The valuation of this HDB 3-room unit in Geylang, with a remaining lease of 38 years, stands at an estimated value of $197,642, equating to a price per square foot (PSF) of $328. This valuation is notably positioned above the market baseline, reflecting a substantial 72% difference, indicating strong demand dynamics in the area. The elevated value signals investor confidence and highlights the desirability of Geylang as a residential enclave, further bolstered by its strategic location and connectivity.

Our analysis draws upon a robust dataset, including 421 recent HDB resale transactions in the vicinity, which reinforces the model's high confidence rating. This data not only affirms the valuation but also underscores the significant market trends influencing HDB prices in Geylang. As the remaining lease is a critical factor in the valuation of HDB properties, this unit's 38-year lease suggests a promising investment horizon for potential buyers, particularly given the current market conditions that favor properties with shorter remaining leases. The interplay of lease duration, market demand, and comparable sales within the region presents a compelling case for the property’s premium valuation.