671a Klang Lane 211671, Farrer Park, Central Region, Singapore
$4,700 /month
The following locations are within radius of this property, with distance shown in kilometers.
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Total Transactions
5
Average Price
S1.2M
Total Value
S6.0M
Calculating fair value from URA transaction data…
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Estimated sale value based on 1 HDB resale transactions (data.gov.sg)
Fair Value
S$656,756
S$814 psf
Asking Price
S$4,700
S$6 psf
Listing Type
Rental
Sale value shown for reference
vs Last Done
Not applicable
Cannot compare rent to sale psf
Tenure
73 yrs
99-year Leasehold · Balance remaining
Confidence
Low
1 comps
Nearest MRT
Little India
417m away · +5% premium
Hedonic Adjustment Breakdown
Base URA PSF
1 comparable transactions
S$743
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×1.043
MRT Proximity
Within 500m / 1km
+5%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$814
Recent Comparable Transactions
1 shown · 1 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneJul 2024 | Blk 671A KLANG LANE Floor 16 TO 18 | 915sqft | S$680,000 | ▼S$743 -8.7% vs FV | 99yr from 2003 |
Jul 2024 | Blk 671A KLANG LANE Floor 16 TO 18 | 915sqft | S$680,000 | ▼S$743 -8.7% vs FV | 99yr from 2003 |
Blk 671A KLANG LANE
Jul 2024 · Floor 16 TO 18
-8.7% vs FV
Blk 671A KLANG LANE
Jul 2024 · Floor 16 TO 18
-8.7% vs FV
HELIOS AI Analysis
The valuation of the HDB 4 Room unit situated in the Central Area reflects a nuanced interplay of market dynamics and lease considerations. With a remaining lease of 73 years, the estimated value stands at $656,756, translating to a price per square foot (PSF) of $814. This valuation is positioned at a market price that indicates no deviation from the baseline, suggesting a stabilizing effect in the local market, albeit with a cautious outlook given the low model confidence derived from only one recent HDB resale transaction in the vicinity.
In an environment where HDB properties are characterized by their long-term leasehold structure, the remaining lease term becomes a crucial factor influencing buyer sentiment and investment potential. The current valuation underscores a balanced assessment of the property’s intrinsic value against the backdrop of ongoing market fluctuations. Stakeholders should remain vigilant as this valuation not only reflects current market conditions but also hints at potential future trends, warranting further analysis and monitoring to navigate the evolving real estate landscape effectively.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.