5 Room (5STD) HDB for Sale in 38 Upper Boon Keng Road

The valuation of the HDB 5 Room property located in Geylang, with a remaining lease of 48 years, stands at an estimated value of $514,476, translating to $419 PSF. This pricing positions the property significantly above the current market baseline, reflecting a remarkable 39.9% premium. Such a pronounced difference underscores the unique appeal and desirability of the Geylang locale, which is increasingly sought after for its vibrant community and strategic proximity to key urban amenities.

Our analysis, grounded in robust data from 30 recent HDB resale transactions in the vicinity, indicates a high model confidence in this valuation. The enduring demand for properties in Geylang, coupled with a limited supply of available units, contributes to this upward pressure on prices. The remaining lease of 48 years is a critical factor; while it is an essential consideration for buyers, the current market dynamics suggest that properties in this area can sustain their value over time. As such, this HDB unit not only represents a solid investment opportunity but also reflects the broader trends within Singapore's dynamic real estate market.