Terraced House for Room Rent: Lorong 40, Geylang

The valuation of the HDB 2 Room unit in Geylang, with a remaining lease of 75 years, stands at an estimated value of $88,141, translating to a price per square foot (PSF) of $678. This valuation reflects a nuanced understanding of the current market dynamics, as it indicates a 0% difference from the baseline market price. Such stability suggests that the property is competitively positioned within the local real estate landscape, catering to the needs of both owner-occupiers and investors alike.

Our analysis, grounded in the examination of 40 recent HDB resale transactions in the vicinity, reinforces the high confidence level in this valuation. The enduring appeal of Geylang, known for its vibrant culture and strategic connectivity, continues to underpin demand for HDB units. The remaining lease of 75 years is a significant factor for potential buyers, as it provides a substantial duration of ownership without immediate concerns regarding lease expiry. As the market evolves, this property stands as a testament to the resilience of the HDB segment, particularly in well-established neighborhoods where demand remains robust.