3-Room HDB for Room Rent: 11 Upper Boon Keng Road

In analyzing the valuation of the HDB 3-room property located in Geylang, we observe a current estimated value of $60,976, translating to an impressive $407 per square foot. This valuation is underpinned by a remaining lease of 48 years, positioning the property within a competitive segment of the HDB market. Notably, the estimated value reflects a market price that aligns precisely with the baseline, indicating a 0% difference from the prevailing market trends.

The confidence in this valuation is rated as high, bolstered by a robust analysis of 96 recent HDB resale transactions within the vicinity. This substantial dataset enhances the reliability of market signals, revealing a stable environment for potential buyers and investors. The Geylang precinct, known for its strategic location and vibrant community, remains a sought-after area within Singapore's residential landscape, which augments the intrinsic value of the property despite the moderate remaining lease. As such, this HDB unit presents a compelling opportunity for those looking to enter the market in a prime location.