4-Room HDB for Room Rent: 2C Upper Boon Keng Road

In the current analysis of the HDB 4-room unit located in Geylang, we observe an estimated market value of $157,500, translating to a price per square foot (PSF) of $1,050. With a remaining lease of 79 years, this property is positioned within a competitive market, reflecting a 0% difference from the baseline price. This indicates a stable valuation with no significant upward or downward pressure on pricing, highlighting the equilibrium in demand and supply within this particular sector of the HDB market.

However, it is important to note that the model confidence for this valuation is categorized as low. This uncertainty stems from the limited number of comparable resale transactions in the immediate vicinity, with only four recent transactions informing this assessment. Prospective buyers and investors should remain vigilant, considering the nuances of the Geylang area, which may influence future appreciation or depreciation of property values. The longevity of the remaining lease should also be factored into any investment decision, as it plays a critical role in the overall attractiveness and potential resale value of HDB properties in Singapore.