4-Room HDB for Room Rent: 8A Upper Boon Keng Road

The subject of this report is a 4-room HDB unit located in the vibrant district of Geylang, boasting a remaining lease of 89 years. The estimated value of this property is assessed at $174,355, translating to a price per square foot (PSF) of $1,090. This valuation reflects a market signal indicating no deviation from the baseline, suggesting a stable pricing environment for HDB units in the area. The model confidence for this valuation is classified as high, bolstered by the analysis of 38 recent resale transactions in close proximity, which establishes a robust empirical foundation for our findings.

Geylang has long been recognized for its diverse cultural landscape and accessibility, factors that contribute significantly to its real estate appeal. The remaining lease of 89 years presents an advantageous position for potential buyers, aligning with the preferences of both owner-occupiers and investors who prioritize long-term habitation. The stability in market pricing, highlighted by the 0% difference from the baseline, indicates a balanced supply and demand scenario, enhancing the attractiveness of this HDB unit as a viable investment option. Overall, the findings underscore Geylang’s resilience in the HDB market, making this property a noteworthy consideration for discerning buyers.