5 Room (5STD) HDB for Rent in 128 Geylang East Avenue 1

The valuation for the 5-room HDB unit located in Geylang, with a remaining lease of 59 years, stands at an estimated value of $770,612, translating to $564 per square foot. This valuation reflects a market price that is aligned with the baseline, indicating a stable demand within the area. However, it is essential to note that the model confidence for this estimation is categorized as low, suggesting variability in market conditions and external factors affecting the property’s value.

In the context of recent market activity, the valuation is based on three comparable HDB resale transactions in the vicinity. These transactions provide a snapshot of current market dynamics, yet the lack of a significant price differential from the baseline indicates a period of stabilization rather than growth. The remaining lease of 59 years is a crucial factor in this analysis, as properties with shorter leases tend to face depreciation in value over time. As such, prospective buyers should be mindful of the implications of lease duration on long-term investment potential in the Geylang area.