Terraced House for Room Rent: Lorong Marzuki, Kembangan MRT

In the heart of Geylang, a strategically located HDB 2-room unit with a remaining lease of 82 years has been appraised at an estimated value of $203,403, translating to a competitive $678 per square foot. This valuation reflects a significant alignment with the current market dynamics, as it indicates a 0% difference from the established baseline price, suggesting stability and resilience in the local HDB market. Such consistency is indicative of a balanced interplay between demand and supply within this vibrant neighborhood.

The valuation's strong model confidence, rated as high, is supported by an extensive analysis of 40 recent HDB resale transactions in the vicinity. This robust dataset not only enhances the reliability of the estimated value but also underscores the ongoing attractiveness of Geylang as a residential choice. The enduring 82-year lease provides potential homeowners and investors with a sense of security, making this property an appealing option in a market marked by fluctuating trends. As the area continues to evolve, this HDB unit stands poised to capitalize on both the intrinsic value of its leasehold status and the broader market stability.