3 Room (3S) HDB for Sale in 19 Balam Road

The valuation of the 3-room HDB unit in Geylang, with a remaining lease of 38 years, stands at an estimated value of $194,482, translating to a price per square foot (PSF) of $301. This valuation, while reflective of the property’s intrinsic characteristics, signals an intriguing market dynamic, as it is positioned above the market baseline by approximately 80%. Such a significant deviation suggests that the property may be leveraging unique attributes or demand factors that distinguish it from comparable units in the vicinity.

Analysis of recent HDB resale transactions—specifically 13 comparable sales—indicates a medium level of model confidence in this valuation. The elevated estimated value may be driven by factors including the property’s strategic location within Geylang, a neighbourhood known for its vibrant culture and accessibility to amenities. Nevertheless, potential buyers should consider the implications of the remaining lease length, as properties with shorter leases often face increased scrutiny in the resale market. In conclusion, while the valuation reflects a premium positioning, it is essential to weigh the unique aspects of the property against the broader market conditions and lease considerations.