Bungalow for Room Rent: Jalan Raya

The valuation of the HDB 2-room property in Geylang, with a remaining lease of 75 years, reflects the current dynamics of the Singapore housing market. Priced at an estimated value of $139,591, translating to $698 per square foot, this property stands as a testament to the stability and resilience of HDB resale prices in this vibrant neighborhood. Notably, the absence of any deviation from the baseline market price indicates a balanced equilibrium, reinforcing the notion that Geylang continues to be a desirable locale for potential homeowners and investors alike.

With a model confidence rating categorized as high, this valuation is substantiated by an analysis of 40 recent HDB resale transactions within the vicinity. Such a robust data pool offers a comprehensive insight into market trends and buyer sentiment, further enhancing the credibility of the projected value. The remaining lease period of 75 years is particularly significant, as it strikes a favorable balance between longevity and affordability, appealing to first-time buyers and those seeking to capitalize on the evolving urban landscape of Geylang.