2 Room HDB for Rent in 53 Sims Place

The valuation of the HDB 2 Room unit located in the vibrant district of Geylang is pegged at an estimated value of $331,884, translating to a price per square foot (PSF) of $475. This assessment is underpinned by robust market dynamics, exhibiting a precise alignment with baseline market prices, indicating a 0% difference. Such stability reflects a balanced market in Geylang, characterized by sustained demand amidst the attractive amenities and strategic location of the area.

Crucially, the remaining lease of 50 years warrants attention, as it may influence buyer sentiment and future resale potential. However, the model confidence in this valuation is rated as High, bolstered by a comprehensive analysis of 40 recent HDB resale transactions within the vicinity. This extensive data gathering underscores the resilience of the Geylang market, suggesting that well-positioned properties with reasonable lease durations continue to hold their value effectively in the competitive landscape of Singapore's real estate sector.