3 Room (3S) HDB for Rent in 342 Ubi Avenue 1

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 59 years, stands at an estimated value of $457,854, translating to a price per square foot (PSF) of $572. This valuation reflects a market price that shows a 0% difference from the baseline, indicating a stable demand and supply equilibrium in this vibrant district. Geylang, known for its eclectic mix of residential and commercial properties, has historically attracted a diverse demographic, contributing to its resilience in property values.

However, the model confidence for this valuation is classified as low, stemming from the reliance on only two recent HDB resale transactions in the vicinity. This limited dataset may not fully capture the nuances of the local market dynamics, particularly with regard to fluctuations in buyer sentiment and macroeconomic factors affecting the property landscape. As the remaining lease of 59 years may influence the long-term investment appeal, potential buyers should consider the implications of lease decay and its impact on future resale opportunities. Overall, while the current valuation suggests stability, prospective investors are advised to remain vigilant and conduct further in-depth analyses before making any commitments.