3 Room (3STD) HDB for Sale in 61 Circuit Road

The valuation of the HDB 3-room property in Geylang, with a remaining lease of 37 years, stands at an estimated value of $186,748, translating to a price per square foot (PSF) of $285. This valuation is positioned significantly above the market baseline, reflecting a notable 92.8% difference, which signals a robust demand in the Geylang area. The elevated pricing suggests that buyers are willing to pay a premium for properties in this locality, which is often characterized by its vibrant lifestyle, proximity to amenities, and accessibility to public transport.

With a medium confidence level in the valuation model, this estimate is supported by a review of 8 recent HDB resale transactions in the vicinity, indicating a consistent upward trend in property values. The remaining lease of 37 years plays a critical role in the valuation, as properties with shorter leases typically face greater depreciation in value. However, the strong market signal suggests that buyers are recognizing the potential of Geylang as an attractive investment destination. As such, this property is positioned well within a dynamic market, reflecting both its intrinsic value and the overarching trends influencing HDB transactions in Singapore.