Common Room (HDB) for Rent in 28 Balam Road

In the vibrant district of Geylang, the valuation of a 2-room HDB unit, with a remaining lease of 40 years, stands at an estimated value of $31,763, translating to $353 per square foot (PSF). This valuation reflects a stable market position, with a market price that indicates a 0% difference from the baseline, suggesting that the property is appropriately priced within the current market dynamics. The confidence in this valuation is classified as medium, indicating a reasonable degree of assurance based on the underlying data.

Analyzing the local real estate landscape, the valuation is supported by a review of 17 recent HDB resale transactions within the vicinity. The consistency in pricing underscores the demand for HDB units in Geylang, a locale known for its accessibility and diverse amenities. The remaining lease period of 40 years is a significant factor, as it balances potential buyers' preferences for longevity in tenure with the understanding of depreciation over time. Overall, this valuation serves as a critical indicator of market sentiment and buyer activity in Geylang, revealing the nuanced interplay between lease duration and market demand.