5-Room HDB for Room Rent: 311 Ubi Avenue 1

The valuation of the 5-room HDB unit in Geylang, with a remaining lease of 58 years, stands at an estimated value of $87,156, translating to a price per square foot (PSF) of $581. This valuation is particularly noteworthy as it reflects a market price that is aligned with the baseline, indicating a stable demand within the area. The absence of any significant deviation from the baseline suggests that the property is currently positioned well within the local market dynamics, which have remained resilient despite broader economic fluctuations.

Our analysis is supported by an extensive dataset comprising 136 recent HDB resale transactions in the vicinity, which enhances the reliability of this valuation. The high model confidence rating reaffirms that the estimations have been derived through robust methodologies and a comprehensive understanding of the Geylang property landscape. It is essential to consider the remaining lease of 58 years in the context of HDB properties, as lease tenure significantly influences buyer sentiment and long-term investment viability. As the Geylang area continues to evolve, this HDB unit presents a compelling opportunity for potential homeowners and investors alike, reflecting the nuanced interplay between lease duration and market demand.