5-Room HDB for Room Rent: 2C Upper Boon Keng Road

The valuation of the 5-room HDB unit located in Geylang, with a remaining lease of 79 years, stands at an estimated value of $170,875, reflecting a price per square foot of $949. This valuation is particularly noteworthy as it aligns closely with the current market price, indicating a 0% difference from the baseline. Such stability in pricing signals a balanced market dynamic, where supply and demand factors are relatively in equilibrium. The data derived from 8 recent HDB resale transactions in the vicinity supports this valuation, demonstrating a consistent trend in buyer sentiment and property appeal within this vibrant district.

The remaining lease of 79 years is a critical factor influencing both buyer perceptions and investment potential. In Singapore's real estate landscape, properties with a lease of over 75 years are generally viewed favorably, as they provide a substantial period for habitation and appreciation. Consequently, this HDB unit not only meets the threshold for longevity but also benefits from Geylang's increasing desirability as an urban locale, characterized by its rich cultural tapestry and proximity to essential amenities. As such, this valuation encapsulates a blend of market stability and the intrinsic value of a well-located property, presenting a compelling opportunity for buyers looking to invest in Singapore's dynamic housing market.