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

The valuation of the 3-room HDB unit 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 figure reflects a market price that is consistent with the baseline, indicating a stable demand for HDB properties in this locale amidst fluctuating market conditions. Given the remaining lease duration, this valuation may suggest that prospective buyers are weighing the lease term's impact on long-term investment potential against the current market dynamics.

However, it is essential to note that the model confidence for this valuation is categorized as low, which implies that the analysis is based on limited data points—specifically, four recent HDB resale transactions in the vicinity. This scarcity of comparable sales may lead to a less robust understanding of market trends and buyer sentiment. As such, stakeholders should approach this valuation with a degree of caution and consider broader market signals and economic factors that may influence future demand for HDB properties in Geylang.