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

The valuation for the 3-room HDB unit in Geylang, with a remaining lease of 47 years, stands at an estimated value of $316,566, translating to a price per square foot (PSF) of $387. This figure indicates an above-market valuation, with a notable 45.3% difference from the baseline established by comparable transactions. This premium valuation suggests a robust demand in the Geylang area, often characterized by its strategic location and amenities that cater to a diverse demographic, including young professionals and families seeking proximity to central business districts and recreational facilities.

However, it is crucial to note the model confidence level is assessed as medium, indicating variability and potential market fluctuations that could affect future valuations. The analysis is based on 12 recent HDB resale transactions within the vicinity, providing a solid, albeit limited, foundation for this valuation. As the remaining lease decreases, buyer sentiment may shift, impacting long-term investment viability. Therefore, while the current valuation reflects strong market dynamics, potential investors should remain vigilant regarding lease duration and overall market conditions that could influence future resale values.