Room (Landed) for Rent in Lorong Bachok

The valuation of the HDB 2-room unit located in Geylang, with a remaining lease of 75 years, reflects a calculated estimated value of $139,591, translating to a price per square foot (PSF) of $698. This valuation is underpinned by robust market dynamics, as evidenced by a comprehensive analysis of 40 recent HDB resale transactions within the vicinity. The data indicates a stable market price, with a 0% difference from the baseline, suggesting that the current valuation is closely aligned with prevailing market conditions.

Given the high model confidence in this assessment, it is crucial to consider the implications of the remaining lease term on the property’s valuation. A 75-year lease is generally viewed favorably in the context of HDB properties, as it provides potential buyers with a considerable duration before lease decay becomes a significant factor. This extended tenure, coupled with the strong demand for properties in the Geylang area, reinforces the attractiveness of this unit as both a viable investment and a desirable residential option. As market conditions evolve, the stability indicated by this valuation positions the property favorably in the competitive landscape of Singapore's real estate sector.