4-Room HDB for Room Rent: 43A Sims Drive

The valuation of the HDB 4-room property in Geylang reflects a stable market position, with an estimated value of $63,451, translating to $529 per square foot (PSF). This valuation stands at a market price that shows a 0% difference from the baseline, indicating a balanced equilibrium between supply and demand in this vibrant district. With a remaining lease of 62 years, the property holds significant potential for both immediate occupancy and long-term investment, appealing to both first-time buyers and seasoned investors alike.

Market data derived from 43 recent HDB resale transactions in the vicinity suggests a high level of confidence in this valuation model. The market dynamics in Geylang illustrate a robust demand for HDB units, driven by the area's strategic location and amenities. As urban development continues to shape the landscape of Singapore, the longevity of the lease further enhances the attractiveness of this property, ensuring its relevance in a competitive real estate market.