3 Room (3I) HDB for Sale in 11 Upper Boon Keng Road

The valuation of the HDB 3-room property located in Geylang, with a remaining lease of 46 years, stands at an estimated value of $265,561, translating to an impressive $379 per square foot (PSF). This valuation positions the property significantly above the current market baseline, reflecting a notable 72.5% difference. Such a premium suggests strong demand dynamics in the Geylang area, where recent market activities indicate robust buyer interest and competitive bidding scenarios.

The model confidence in this valuation is classified as high, bolstered by the analysis of 88 recent HDB resale transactions in the vicinity. This data set not only reinforces the validity of the valuation but also highlights the evolving landscape of HDB properties in this desirable locale. The remaining lease of 46 years adds a layer of complexity, as it balances the appeal of an established neighborhood against the diminishing lease term. Overall, this property exemplifies the interplay of location, market demand, and lease considerations, making it a compelling opportunity for discerning buyers and investors alike.