3 Room (3NG) HDB for Sale in 117 Potong Pasir Avenue 1

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 57 years, stands at an estimated value of $391,779, translating to a price per square foot (PSF) of $543. This valuation is notably above the market baseline by 23.8%, indicating a premium positioning within the local real estate landscape. Such a significant deviation from the baseline valuation signals robust demand dynamics in the Geylang area, driven by its strategic location and the ongoing urban development initiatives that enhance the appeal of HDB properties in this precinct.

Our analysis, grounded in insights from 90 recent HDB resale transactions in the vicinity, reflects a high level of confidence in this valuation model. The sustained interest in Geylang, characterized by a mix of residential and commercial amenities, contributes to the upward pressure on property prices. Additionally, the remaining lease of 57 years is a critical factor, as it continues to provide a substantial tenure for potential homeowners, appealing to both investors and owner-occupiers alike. Overall, the current market dynamics favor a sustained interest in HDB properties in Geylang, making this unit a compelling consideration for discerning buyers.