3 Room (3STD) HDB for Sale in 24 Balam Road

The valuation of the HDB 3 Room property located in Geylang, with a remaining lease of 38 years, stands at an estimated value of $211,895, translating to a price per square foot (PSF) of $328. This valuation is noteworthy as it indicates a significant market signal, with the property priced above the baseline by 59.9%. Such a premium suggests strong demand dynamics in the area, which could be attributed to Geylang's strategic location, vibrant community, and accessibility to essential amenities.

Our analysis, supported by data from 420 recent HDB resale transactions within the vicinity, reflects a high model confidence in this valuation. The robust transaction volume indicates a healthy market activity, which, combined with the property's competitive pricing, positions it favorably within the current real estate landscape. Buyers are increasingly recognizing the value of HDBs in desirable locations like Geylang, and this trend could further bolster resale prices in the future, particularly as the remaining lease remains substantial enough to attract both owner-occupiers and investors alike.