3 Room (3A) HDB for Sale in 118A Alkaff Crescent

The valuation of the 3-room HDB unit in Geylang, with a remaining lease of 92 years, reflects a robust market signal, estimating its value at $882,349, which translates to a price per square foot (PSF) of $1,139. This valuation is supported by a comprehensive analysis of 60 recent HDB resale transactions in the vicinity, underscoring the high confidence in this model's accuracy. The 2% deviation from the baseline market price indicates that this property is competitively priced within the current market landscape.

Geylang, known for its vibrant cultural tapestry and strategic location, continues to attract both homeowners and investors alike. The remaining lease of 92 years positions this HDB unit favorably, as properties with longer leases typically command higher values and buyer interest. Furthermore, the strong market dynamics in this area suggest a sustained demand for HDB properties, driven by factors such as accessibility, amenities, and community appeal. As such, this valuation not only reflects the current market conditions but also positions the property as a valuable asset in an increasingly competitive real estate environment.