5-Room HDB for Room Rent: 647 Jalan Tenaga

The valuation of the HDB 5-room unit located in Geylang, with a remaining lease of 65 years, stands at an estimated value of $85,703, translating to a price per square foot (PSF) of $571. This valuation reflects a neutral market signal, indicating a 0% difference from the baseline, suggesting that the property is priced in alignment with current market conditions. The medium model confidence is derived from an analysis of 15 recent HDB resale transactions within the vicinity, reinforcing the credibility of the valuation amidst the dynamic real estate landscape in Singapore.

As Geylang continues to evolve as a vibrant residential enclave, the remaining lease of 65 years positions this property as an attractive option for both investors and homebuyers seeking long-term value. The stability in pricing, coupled with a robust demand for HDB units in the region, underscores the resilience of the market. Prospective buyers should consider the implications of lease tenure on future resale potential, while current market dynamics suggest a balanced environment for transactions, making this property a noteworthy consideration for those looking to enter the Geylang property market.