3 Room (3NG) HDB for Sale in 96 Geylang Bahru

The valuation of the 3-room HDB unit in Geylang, with a remaining lease of 51 years, stands at an estimated value of $393,776, translating to $446 per square foot. This valuation is currently positioned significantly above the market baseline, with a notable 42.2% premium compared to similar properties in the area. Such a premium indicates strong demand dynamics, particularly in a neighborhood like Geylang, which is often characterized by its vibrant lifestyle offerings and strategic proximity to the Central Business District.

Our analysis, grounded in a comprehensive review of 124 recent HDB resale transactions in the vicinity, reflects a high level of confidence in this valuation. The robust market signal underscores the ongoing desirability of Geylang as a residential choice, despite the remaining lease being slightly less than optimal for long-term buyers. The above-market valuation can be attributed to various factors including the area's unique characteristics, accessibility, and the overall sentiment surrounding HDB properties in this precinct. Buyers are increasingly seeking properties that not only meet their immediate housing needs but also promise potential long-term appreciation, a notable consideration as we navigate the evolving real estate landscape of Singapore.