4-Room HDB for Room Rent: 121 Paya Lebar Way

The valuation of the HDB 4 Room unit located in Geylang, with a remaining lease of 52 years, stands at an estimated value of $119,851, translating to a price per square foot (PSF) of $400. This valuation reflects a stable market position, as indicated by the 0% difference from the baseline market price. Such equilibrium suggests a well-balanced demand and supply dynamic in the area, providing insights into the overall health of the HDB resale market in Geylang.

Analyzing the recent transactions, our model draws on data from 14 comparable HDB sales within the vicinity, which establishes a medium level of confidence in this valuation. The remaining lease of 52 years is a critical factor, as properties with shorter leases often experience depreciation in value. However, the current valuation indicates a resilient market sentiment, likely driven by Geylang's strategic location and ongoing urban development initiatives. As buyers continue to seek affordability in the midst of rising property prices, this HDB unit presents a compelling option for potential homeowners and investors alike.