5 Bed Terraced House (Landed) for Sale in Jalan Melor

This valuation report pertains to an Executive HDB unit located in the vibrant district of Geylang, which currently has a remaining lease of 75 years. The estimated value of this property stands at $2,121,393, translating to a price per square foot (PSF) of $684. This valuation is informed by a comprehensive analysis of 38 recent HDB resale transactions within the immediate vicinity, underscoring a high degree of model confidence in the accuracy of this assessment.

The property’s estimated value is notably above market, with a striking 149.8% difference from the baseline, indicative of robust demand dynamics in the Geylang area. This premium valuation can be attributed to several factors, including the strategic location, well-regarded amenities, and the enduring appeal of HDB Executive flats, which typically attract a diverse demographic of buyers. As the real estate landscape in Singapore continues to evolve, the strong performance of this property highlights the ongoing desirability of HDB units, particularly those with substantial remaining leases, within the competitive market environment.