Semi-Detached House for Room Rent: Sennett Estate

The valuation of the HDB 2-room unit located in Geylang, with a remaining lease of 75 years, stands at an estimated value of $81,361, translating to a price per square foot (PSF) of $678. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand within the Geylang area. The absence of any significant deviation from the baseline price suggests that the property market in this region is currently balanced, with neither buyers nor sellers exerting undue influence on pricing trends.

Our analytical model, bolstered by data from 40 recent HDB resale transactions in the vicinity, demonstrates a high level of confidence in this valuation. The resilience of the Geylang market can be attributed to several factors, including its strategic location and the remaining lease period, which offers prospective buyers a medium-term investment opportunity without the immediate concerns of lease decay. As such, this 2-room unit represents a competitive offering in the market, appealing to both first-time homebuyers and investors looking to capitalize on the area’s potential growth.