3 Room (3NG) HDB for Sale in 114 Potong Pasir Avenue 1

This analytical summary examines the valuation of a HDB 3-room property located in Geylang, with a remaining lease of 57 years. The estimated value of this unit stands at $390,520, translating to a price per square foot (PSF) of $542. This valuation reflects a significant premium, marked at 25% above the baseline market value, indicating a strong demand for properties in this vibrant district. The market's buoyancy can be attributed to several factors, including the area's strategic location, accessibility to key amenities, and an overall increase in buyer sentiment towards HDB properties.

The model confidence for this valuation is rated as high, which is supported by the analysis of 89 recent HDB resale transactions in the vicinity. This robust dataset reinforces the credibility of the estimated value, showcasing a consistent trend in the Geylang property market. As the remaining lease of 57 years is a critical aspect, it is essential to note that properties with longer leases tend to attract a higher valuation, particularly in areas experiencing revitalization and urban development. Given the current market dynamics, potential buyers may find this property an appealing investment opportunity, aligning with long-term housing needs in Singapore.