3 Room (3S) HDB for Sale in 36 Cassia Crescent

The valuation of the 3-room HDB property located in Geylang, with a remaining lease of 53 years, stands at an estimated value of $339,544, equating to $464 PSF. This figure is notably positioned above the market baseline, reflecting a significant 60.5% premium compared to typical market valuations in the area. Such a substantial deviation from the baseline indicates a heightened demand for properties within this locality, which is often characterized by its vibrant cultural scene and strategic connectivity. The emergence of Geylang as a sought-after residential enclave is further bolstered by its proximity to key commercial and transportation hubs, making it an attractive option for both homebuyers and investors alike.

However, it is important to note that the model confidence for this valuation is categorized as medium, suggesting that while there is a solid basis for the estimated value, various market variables could influence future fluctuations. This valuation is derived from an analysis of 10 recent HDB resale transactions in the vicinity, which provides a pertinent context for understanding the prevailing market dynamics. As the remaining lease of 53 years may pose concerns for potential buyers regarding long-term investment viability, the premium valuation may also reflect buyers' willingness to invest in Geylang's potential for growth and desirability. Thus, stakeholders should consider both current market trends and lease duration implications when assessing this property for investment opportunities.