3 Room (3I) HDB for Rent in 3 Upper Aljunied Lane

The valuation of the HDB 3-room property in Geylang reflects a current market estimate of $268,874, translating to a price per square foot of $417. With a remaining lease of 41 years, this property is situated in a strategic location that historically garners significant interest due to its proximity to amenities and transport links. However, the model confidence for this valuation is classified as low, indicating potential variability in market conditions and buyer sentiment.

This property shows a market price that is aligned with the baseline, resulting in a 0% difference. This stability suggests that the demand for HDB units in this locality remains consistent, despite broader fluctuations in the real estate market. Analysis based on four recent HDB resale transactions in the vicinity indicates that while there is a steady interest in Geylang properties, the future appreciation potential may be tempered by the reduced lease term. Buyers are increasingly mindful of lease decay, particularly for properties with less than 60 years remaining, which may impact investment decisions and overall market dynamics moving forward.