3-Room HDB for Room Rent: 302 Ubi Avenue 1

The valuation of the HDB 3-room unit located in Geylang, with a remaining lease of 60 years, stands at an estimated value of $94,945, translating to a price per square foot (PSF) of $633. This valuation reflects a market signal indicating a 0% difference from the baseline, suggesting that the price is aligned with current market expectations. The stability in pricing can be attributed to the recent performance of comparable HDB transactions within the vicinity, which provides a contextual foundation for this valuation.

However, it's important to note that the model confidence for this assessment is classified as low, indicating potential volatility in the local real estate market and external economic factors that may influence future pricing. With only four recent HDB resale transactions in the area serving as the basis for this valuation, the limited data set may not fully capture the nuanced dynamics of the Geylang property market. In particular, the remaining lease of 60 years may impact buyer sentiment and long-term investment potential, as future lease decay could become a consideration for potential purchasers. Thus, while this valuation provides a clear snapshot of current market conditions, ongoing monitoring of market trends will be essential for stakeholders and investors alike.