Common Room (HDB) for Rent in 3A Upper Boon Keng Road

The valuation of the HDB 2-room unit in Geylang, with a remaining lease of 79 years, reflects a current estimated value of $104,703, translating to a price per square foot (PSF) of $698. This valuation indicates a market equilibrium, as it aligns closely with the baseline market price, showcasing a 0% difference. Such stability suggests that the property is competitively priced, making it an attractive option for both first-time buyers and investors seeking to enter the Geylang area, known for its vibrant culture and accessibility.

The high model confidence, derived from an analysis of 44 recent HDB resale transactions in the vicinity, underscores the reliability of this valuation. The data indicates a robust demand for HDB properties in Geylang, which is further supported by the neighborhood's ongoing development and urban renewal initiatives. As the remaining lease is a significant factor influencing value perception in the HDB market, the 79-year lease provides potential buyers with a relatively secure investment horizon, enhancing its appeal in a competitive market landscape.