3 Room (3I) HDB for Sale in 10 Haig Road

The valuation of this HDB 3-room unit in Geylang, with a remaining lease of 49 years, stands at an estimated value of $322,080, equating to $461 PSF. This pricing reflects a significant market signal, indicating an above-market valuation with a notable 45.9% difference from the baseline. Such a premium suggests heightened demand for properties in this vibrant locality, likely stemming from Geylang's strategic position and urban redevelopment initiatives that continue to enhance its appeal.

The model confidence for this valuation is categorized as medium, based on a comprehensive analysis of 13 recent HDB resale transactions in the vicinity. The variance from the baseline price can be attributed to several market dynamics, including the area's unique cultural heritage and amenities, coupled with the limited supply of HDB units as lease terms shorten. As urbanization continues to reshape Singapore's landscape, properties with remaining leases of under 50 years may experience fluctuating values, making this valuation a crucial consideration for prospective buyers and investors alike.