5 Room (5I) HDB for Sale in 649 Jalan Tenaga

The valuation of the HDB 5-room property in Geylang, with a remaining lease of 65 years, has been estimated at $750,188, equating to $571 per square foot. This valuation positions the property above the market average, reflecting a significant 13.3% premium over the baseline. This elevated price point suggests a strong demand for HDB units in this area, driven by Geylang's strategic location and its appeal to both local homeowners and potential investors.

Analysis of recent market activity reveals that this valuation is supported by 15 comparable HDB resale transactions within the vicinity, providing a robust framework for assessing market dynamics. The medium confidence level in this valuation indicates that while there is a solid basis for the estimated price, fluctuations in market sentiment and external economic factors may still influence potential buyers and investors. As the remaining lease continues to diminish, the importance of proximity to amenities and transport links will play a pivotal role in shaping future valuations in this vibrant district.