4 Room (4A) HDB for Rent in 111 Lengkong Tiga

The valuation of the HDB 4-room property located in Geylang, with a remaining lease of 62 years, stands at an estimated value of $606,240, translating to a price per square foot (PSF) of $545. This assessment reflects a market price that is in line with the baseline, indicating stability in the current market conditions. However, it is important to note that the model confidence for this valuation is categorized as low, primarily due to the limited dataset available, with only one recent HDB resale transaction recorded in the vicinity.

In the context of Singapore’s dynamic real estate landscape, the Geylang area continues to exhibit diverse market signals influenced by various factors, including proximity to amenities, transport links, and evolving urban development plans. With a remaining lease of 62 years, potential buyers may exhibit varying degrees of interest, as leasehold properties often attract scrutiny regarding their long-term value retention. This valuation underscores the necessity for purchasers to conduct comprehensive due diligence, particularly in a market characterized by fluctuating demand and limited comparable transactions.