3 Room (3S) HDB for Sale in 67 Circuit Road

The valuation of the 3-room HDB unit in Geylang, estimated at $196,690 or $300 per square foot, reflects a significant divergence from the baseline market value, indicating a premium positioning at 77.9% above average. This elevated valuation may be attributed to various factors including location desirability, proximity to amenities, and the overall attractiveness of the Geylang district, known for its vibrant culture and accessibility. However, the remaining lease of 37 years may raise concerns among prospective buyers regarding long-term investment viability, as properties with shorter leases often face depreciation in value as the lease term diminishes.

Despite the premium valuation, the model confidence is rated as low, suggesting a degree of uncertainty in the predictive accuracy of this estimate. This low confidence is further underscored by the analysis of only four recent resale transactions in the vicinity, which may not provide a robust data set for solidifying market trends. Investors should be cautious and conduct thorough due diligence, considering the factors influencing HDB prices in Geylang, as well as the implications of the remaining lease on their investment strategy.