3 Room (3I) HDB for Sale in 97 Aljunied Crescent

The valuation of the HDB 3-room property in Geylang, with a remaining lease of 47 years, reflects a nuanced interplay between market dynamics and property fundamentals. Priced at $268,054, or $383 per square foot, this valuation suggests a significant premium over the baseline market value, with a striking 56.7% deviation. Such an increase indicates strong demand in the Geylang area, which is characterized by its proximity to amenities, transport links, and vibrant community life, further enhancing its appeal to potential buyers.

However, it is essential to approach this valuation with caution, as the model confidence remains at a medium level. This reflects variability in the recent HDB resale transactions in the vicinity, which were derived from a sample of 13 comparable properties. The remaining lease of 47 years should also be taken into consideration; while it provides a reasonable investment horizon, the diminishing lease term may impact future resale potential. As such, prospective buyers are encouraged to weigh these factors carefully against their long-term property goals.