Common Room (HDB) for Rent in 28 Balam Road

The valuation of the HDB 2-room unit in Geylang, with a remaining lease of 40 years, reflects a calculated estimate of $31,763, translating to a price per square foot of $353. This valuation is derived from a comprehensive analysis of recent market activity, specifically considering 17 HDB resale transactions within the vicinity. Notably, the estimated value indicates a market price that aligns closely with the baseline, exhibiting a 0% difference. This stability in pricing suggests that the property is positioned in a market that is neither excessively buoyant nor depressed, potentially reflecting a balanced demand and supply dynamic in this sought-after area.

The medium confidence level associated with this valuation underscores the inherent variability within the housing market, particularly in neighborhoods like Geylang, where factors such as urban development, proximity to amenities, and demographic shifts can significantly influence property values. With a remaining lease of 40 years, potential buyers and investors will need to consider the implications of leasehold tenure on future resale opportunities. However, the current market signal indicates that this property remains an attractive option, particularly for those seeking affordability within a vibrant locale.