3 Room (3I) HDB for Sale in 11 Upper Boon Keng Road

The valuation of the HDB 3-room unit in Geylang, with a remaining lease of 48 years, has been estimated at $282,237 ($404 per square foot). This valuation indicates a significant premium, as it stands 64.8% above the baseline market value. Such a notable deviation from the baseline suggests robust demand for HDB properties in this locale, driven by various factors including location desirability and ongoing urban development initiatives. Geylang, known for its vibrant culture and proximity to the Central Business District, continues to attract a diverse demographic of buyers, enhancing the competitive nature of the housing market in the area.

The high model confidence attributed to this valuation is backed by a comprehensive analysis of 103 recent HDB resale transactions within the vicinity. This strong dataset underscores the reliability of the market signals observed. As the remaining lease of 48 years is relatively attractive for potential buyers, it is crucial to consider how lease duration influences both investment potential and resale value in the context of Singapore's evolving real estate landscape. The upward trajectory in HDB prices, particularly in sought-after districts like Geylang, reflects ongoing trends that may continue to shape market dynamics in the foreseeable future.