3 Room (3I) HDB for Rent in 72 Circuit Road

The valuation of a 3-room HDB in Geylang, with a remaining lease of 38 years, stands at an estimated value of $212,564, translating to a price per square foot (PSF) of $335. This valuation reflects a market price that is aligned with the baseline, indicating a 0% difference. Such a stable valuation suggests that the property is currently positioned within the market’s equilibrium, with no significant fluctuations observed in recent transactions.

However, it is important to note that the model confidence for this valuation is categorized as low, primarily due to the reliance on a limited dataset comprising only one recent HDB resale transaction in the vicinity. This low confidence level indicates potential volatility in the market dynamics, which may be influenced by various factors such as buyer sentiment, economic conditions, and changes in policy affecting HDB properties. Given the remaining lease length of 38 years, prospective buyers should also consider the implications of lease decay on long-term investment value, particularly in a market like Singapore where leasehold properties are common.