5-Room HDB for Room Rent: 116 Lengkong Tiga

The valuation of the HDB 5 Room property in Geylang, with a remaining lease of 61 years, stands at an estimated value of $59,550, translating to a price per square foot (PSF) of $496. This valuation reflects a market signal indicating a stable pricing environment, with a 0% difference from the baseline, suggesting that the property is competitively priced in comparison to recent transactions in the area.

With model confidence rated as high, this valuation is supported by a robust dataset comprising 21 recent HDB resale transactions in the vicinity. The stability in pricing amidst the current market dynamics can be attributed to the desirable location of Geylang, which continues to attract demand due to its strategic positioning and community amenities. As the remaining lease of 61 years offers a substantial duration for potential homeowners and investors, the property is poised to maintain its value in the dynamic Singapore real estate landscape.