3 Room (3I) HDB for Rent in 66 Kallang Bahru

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 46 years, stands at an estimated value of $276,743, translating to a price per square foot (PSF) of $395. This valuation reflects a market signal that is in alignment with the baseline, indicating a stable pricing environment within the Geylang precinct. The absence of any significant deviation from the baseline price underscores the current equilibrium in the HDB resale market, where demand and supply dynamics appear to be balanced.

Our analysis is grounded in a review of eight recent HDB resale transactions in the vicinity, which provide a robust basis for this valuation. With a medium confidence level attributed to the model, it is imperative to consider the broader market conditions influencing HDB prices in Singapore. The remaining lease of 46 years, while substantial, does play a role in buyer sentiment and investment outlook. As the market continues to evolve, potential buyers and investors should remain cognizant of the implications of lease tenure on property value and resale potential in the long term.