4-Room HDB for Room Rent: 667 Jalan Damai

The valuation of the HDB 4-room unit located in Geylang, with a remaining lease of 69 years, stands at an estimated value of $315,640, translating to a price per square foot (PSF) of $789. This valuation reflects a notable equilibrium in the current market, as indicated by a 0% difference from the baseline market price. Such stability suggests a balanced demand and supply dynamic within this segment of the HDB market, reinforcing the property’s desirability in a thriving urban enclave.

Analysis of 36 recent HDB resale transactions in the vicinity corroborates the high model confidence associated with this valuation. The sustained interest in Geylang, characterized by its strategic location and vibrant community, contributes positively to the enduring value of HDB properties. With the remaining lease of 69 years, this unit represents a viable investment opportunity for both owner-occupiers and investors alike, as it aligns with the broader market trends that favour properties with substantial remaining leases.