4 Room (4NG) HDB for Sale in 121 Paya Lebar Way

The valuation of the HDB 4-room unit in Geylang, with a remaining lease of 52 years, is currently estimated at $398,395, translating to approximately $402 PSF. This valuation positions the property significantly above the market baseline, indicating a striking 32.5% premium compared to recent transaction benchmarks within the vicinity. Such a notable discrepancy suggests that this unit may be highly sought after, potentially due to its strategic location or unique features that appeal to buyers in the current market landscape.

The model confidence for this valuation is categorized as medium, derived from an analysis of 12 recent HDB resale transactions in the area. This level of confidence reflects a robust data set, yet it also underscores the inherent volatility in the Geylang property market. Factors influencing this valuation could include the overall demand for HDB flats in the region, shifts in buyer preferences, and broader economic indicators impacting housing affordability. As the remaining lease stands at 52 years, it is essential for potential buyers to consider both the longevity of the lease and the implications it may have on future resale value, particularly in a market that is increasingly discerning in its choices.