3 Room (3I) HDB for Sale in 21 Eunos Crescent

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 50 years, stands at an estimated value of $263,600, translating to a price per square foot (PSF) of $371. This valuation is notably above the market baseline, reflecting a substantial 42.3% premium compared to similar properties in the area. Such a significant deviation from the baseline indicates a strong demand for HDB properties in this precinct, suggesting that buyers are willing to invest more for the unique attributes that this locality offers.

In assessing the model confidence level as medium, it is important to note that this valuation is derived from a comprehensive analysis of 16 recent HDB resale transactions within the vicinity. The data highlights a vibrant market dynamics where the desirable location of Geylang, coupled with its proximity to amenities and transport links, plays a pivotal role in influencing property values. As the remaining lease of 50 years may be a consideration for potential buyers, the robust market signal suggests that investors and homeowners alike continue to perceive value in this area, further solidifying Geylang's positioning as a sought-after residential enclave.