3 Room (3S) HDB for Sale in 328 Ubi Avenue 1

The valuation of the HDB 3-room unit in Geylang, with an estimated value of $335,091, reflects a significant market dynamic, showcasing an above-market positioning at a variance of 34.3% from the baseline. This price translates to a notable $486 per square foot, indicating a robust demand for properties in this desirable location. With a remaining lease of 58 years, this unit maintains a competitive edge, appealing to both investors and homebuyers who are increasingly drawn to the Geylang area due to its strategic accessibility and vibrant community atmosphere.

The model confidence in this valuation is categorized as high, supported by a comprehensive analysis of 420 recent HDB resale transactions in the vicinity, which provides a solid foundation for this assessment. Such a substantial premium over the market average suggests that the property is not only well-positioned in terms of physical attributes but also benefits from favorable locational advantages. As the Singapore real estate market continues to evolve, the performance of this HDB unit exemplifies the intricate interplay between lease tenure, market demand, and investment potential in the heart of Geylang.