3 Room (3I) HDB for Rent in 18 Upper Boon Keng Road

The valuation of the HDB 3-room unit located in Geylang, with a remaining lease of 48 years, stands at an estimated value of $303,791, translating to a price per square foot (PSF) of $415. This valuation is particularly significant, given that it reflects a market price with a 0% difference from the baseline, indicating a stable demand and supply equilibrium in the local real estate landscape. This stability is underscored by the high confidence level of the valuation model, which is based on an extensive analysis of 419 recent HDB resale transactions within the vicinity.

In the context of the Geylang neighborhood, the remaining lease of 48 years is a critical factor influencing both the desirability and the valuation of the property. The area has been traditionally sought after for its strategic location and vibrant community, which contributes to its resilience against market fluctuations. As the demand for HDB units in mature estates remains robust, this property exemplifies the balance between longevity and market dynamics, making it a compelling investment opportunity for potential buyers seeking to capitalize on a well-established residential area.