3 Room (3NG) HDB for Sale in 18C Circuit Road

The valuation of the 3-room HDB property in Geylang, with an estimated value of $798,553 and a price per square foot (PSF) of $1,108, suggests a notable positioning within the current market landscape. With a remaining lease of 89 years, the property enjoys a favorable longevity that appeals to a demographic of buyers seeking stability in their investment. However, the valuation indicates a premium above the baseline market price, reflecting a 7.4% increase. This divergence signals a potential overvaluation in the context of the local HDB market dynamics.

Analyzing recent resale transactions in the vicinity, which comprise six comparable units, provides a crucial context for this valuation. The low model confidence suggests variability in the data collected from these transactions, indicating that factors such as recent market trends, property conditions, and location desirability may have influenced buyer sentiment and pricing outcomes. As Geylang continues to evolve as a vibrant neighborhood, potential investors should consider both the implications of lease duration and the current market signals to gauge the long-term value retention of this HDB unit.