4 Room (4A) HDB for Sale in 647 Jalan Tenaga

The valuation of the HDB 4-room property in Geylang, with a remaining lease of 65 years, stands at an estimated value of $661,857, translating to a price per square foot (PSF) of $591. This figure is indicative of a robust demand in the Geylang area, particularly given the notable market signal that suggests the property is valued above the market average, with a striking 910.6% difference from the baseline. Such a significant deviation indicates a strong buyer interest, possibly driven by the strategic location and the inherent appeal of HDB living in Singapore, especially in a vibrant district like Geylang.

Market dynamics in this vicinity appear to be influenced by a combination of factors, including recent resale trends and the ongoing attractiveness of Geylang as a residential choice. The model confidence for this valuation is classified as medium, reflecting a reliance on data derived from 12 recent HDB resale transactions within the area. These transactions provide a foundational understanding of the local market sentiment and pricing strategies, underscoring the competitive nature of HDB properties in Geylang. The remaining lease of 65 years also plays a crucial role in buyer perceptions, as it balances the longevity of ownership with the typical leasehold considerations in Singapore’s real estate landscape.