3-Room HDB for Room Rent: 3 Upper Aljunied Lane

The valuation of this HDB 3-room property located in Geylang, with a remaining lease of 41 years, has been estimated at $83,372, translating to a price per square foot (PSF) of $417. This valuation indicates a market price that remains stable with a 0% variance from the baseline, suggesting that the property is currently aligned with prevailing market trends. Such stability in pricing could be indicative of a balanced supply and demand dynamic within this segment of the HDB market, particularly in the vibrant Geylang district, which is known for its diverse amenities and strategic location.

However, it is essential to note that the model confidence for this valuation is classified as low, which could signal potential volatility in future pricing or a lack of sufficient transaction data to substantiate more robust conclusions. The valuation is derived from just four recent HDB resale transactions in the vicinity, which may not fully encapsulate the broader market sentiment. Furthermore, the 41-year remaining lease presents a critical consideration for potential buyers, as shorter leasehold tenures can impact long-term investment viability and resale potential. As the market evolves, investors should remain vigilant to shifts in demand and leasehold dynamics that could influence property values in this area.