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

The valuation of the 3-room HDB unit located in Geylang, with a remaining lease of 49 years, reflects a current estimated value of $316,355, translating to a price per square foot (PSF) of $498. This valuation is particularly noteworthy as it aligns closely with the market price, exhibiting a 0% difference from the baseline. Such stability in pricing suggests a balanced market environment, where supply and demand dynamics are closely matched in this sought-after district.

However, it is essential to highlight the model confidence in this valuation, which is categorized as low. This assessment is based on a limited dataset, with only four recent HDB resale transactions in the vicinity. Factors influencing this valuation may include the remaining lease period, which, while still substantial, could affect buyer sentiment in the longer term. As the lease diminishes, potential buyers may exhibit a preference for properties with shorter lease terms, potentially impacting future resale values. Investors and homeowners alike should remain vigilant of market conditions and consider these dynamics when evaluating their property decisions in the Geylang region.