3 Room (3S) HDB for Sale in 20 Balam Road

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 38 years, stands at an estimated value of $172,843, translating to a price per square foot (PSF) of $267. This valuation is indicative of a robust market signal, as it reflects an 84% difference from the baseline, positioning the property above the prevailing market rates. Such a significant deviation suggests a strong demand for HDB units in the Geylang area, potentially driven by its strategic location and desirable amenities.

However, it is crucial to note that the model confidence for this valuation remains low, primarily due to the limited dataset of only three recent HDB resale transactions within the vicinity. This scarcity of comparable sales may lead to fluctuations in market perception, emphasizing the need for prospective buyers to exercise caution. As the market dynamics continue to evolve, the interplay between remaining lease duration and buyer sentiment will play a pivotal role in shaping future valuations in this vibrant neighborhood.