3 Room (3I) HDB for Rent in 1 Haig Road

The valuation of the HDB 3-room unit located in Geylang, with a remaining lease of 49 years, stands at an estimated value of $316,355, translating to a price per square foot (PSF) of $498. This valuation reflects a market price that is aligned with the baseline, indicating a stable demand and a balanced supply within the area. However, it is essential to note that the model confidence is categorized as low, which suggests potential fluctuations in the market dynamics that could impact future valuations.

Analyzing recent transactions in the vicinity, four comparable HDB resale transactions have been reviewed to derive this estimate. The proximity to amenities, transport links, and the overall desirability of Geylang as a residential enclave contribute to the current valuation. Nevertheless, the remaining lease period of 49 years may pose a concern for potential buyers, as the impact of lease decay becomes more pronounced as the lease term shortens. As such, this valuation should be approached with caution, considering the broader market signals and the evolving trends in the HDB resale market.