3 Room (3I) HDB for Rent in 19 Balam Road

The valuation of this HDB 3 Room unit in Geylang, set at an estimated value of $31,690, reflects a price per square foot (PSF) of $317, which is indicative of the current market dynamics in this sought-after precinct. With a remaining lease of 40 years, the property is positioned strategically within a vibrant neighborhood that has demonstrated resilience in the face of fluctuating market conditions. The valuation signals a stable market price, showing a 0% difference from the baseline, suggesting that the unit is competitively priced relative to comparable transactions.

This analysis is supported by data derived from 13 recent HDB resale transactions in the vicinity, providing a solid foundation for the model's confidence rating, which is categorized as medium. The Geylang area, known for its diverse amenities and accessibility, continues to attract interest from both owner-occupiers and investors alike. As the lease duration remains a crucial factor in HDB valuations, the 40-year lease offers a balance of tenure that appeals to potential buyers while also reflecting the need for strategic future planning in property investment.