2 Bed Corner Terrace (Landed) for Rent in Macpherson Garden Estate

The valuation of the 4-room HDB unit in Geylang, estimated at $729,887 or $487 PSF, reflects a stable market condition with a notable 0% difference from the established baseline. This aligns with the ongoing trends observed in the Geylang area, where the demand for HDB units remains robust despite the aging lease of 43 years. The resilience in pricing indicates a balanced market, where buyers are willing to pay a premium for locations that offer both accessibility and amenities.

With a model confidence rating of High, this valuation is substantiated by an extensive analysis of 500 recent HDB resale transactions in the vicinity. The data reveals that while the remaining lease period poses certain considerations for prospective buyers, the intrinsic value of the property, combined with the attractiveness of Geylang's vibrant environment, continues to bolster the demand. As HDB transactions are significantly influenced by both local and macroeconomic factors, the current stability in pricing signals a healthy equilibrium in the Geylang property market.