671a Klang Lane 211671, Farrer Park, Central Region, Singapore
$4,700 /month
The following locations are within radius of this property, with distance shown in kilometers.
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Total Transactions
5
Average Price
S1.2M
Total Value
S6.0M
Calculating fair value from URA transaction data…
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Estimated sale value based on 1 HDB resale transactions (data.gov.sg)
Fair Value
S$656,756
S$814 psf
Asking Price
S$4,700
S$6 psf
Listing Type
Rental
Sale value shown for reference
vs Last Done
Not applicable
Cannot compare rent to sale psf
Tenure
73 yrs
99-year Leasehold · Balance remaining
Confidence
Low
1 comps
Nearest MRT
Little India
417m away · +5% premium
Hedonic Adjustment Breakdown
Base URA PSF
1 comparable transactions
S$743
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×1.043
MRT Proximity
Within 500m / 1km
+5%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$814
Recent Comparable Transactions
1 shown · 1 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneJul 2024 | Blk 671A KLANG LANE Floor 16 TO 18 | 915sqft | S$680,000 | ▼S$743 -8.7% vs FV | 99yr from 2003 |
Jul 2024 | Blk 671A KLANG LANE Floor 16 TO 18 | 915sqft | S$680,000 | ▼S$743 -8.7% vs FV | 99yr from 2003 |
Blk 671A KLANG LANE
Jul 2024 · Floor 16 TO 18
-8.7% vs FV
Blk 671A KLANG LANE
Jul 2024 · Floor 16 TO 18
-8.7% vs FV
HELIOS AI Analysis
The valuation of the 4-room HDB unit situated in Singapore's Central Area reflects intriguing market dynamics, with an estimated value of $656,756 or $814 PSF, indicating a steady market position with a 0% difference from the baseline. This stability suggests that the property is aligned with current market expectations, maintaining a consistent value despite broader fluctuations in the real estate landscape. The remaining lease of 73 years plays a crucial role in this valuation, as properties with longer leases typically command stronger buyer interest and investment potential.
However, it is essential to note the low model confidence in this valuation, primarily derived from a limited dataset of only one recent HDB resale transaction in the vicinity. This scarcity of comparable sales can lead to a less robust assessment of market trends, indicating that while the current valuation reflects a stable price point, future fluctuations may be influenced by external factors such as economic conditions and regional development plans. Buyers and investors should approach this property with a nuanced understanding of the underlying lease dynamics and market conditions, as these elements will be key in determining long-term value appreciation.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.