Common Room (4A) HDB for Rent in 2 Haig Road

The valuation of the 4-room HDB unit located in Geylang, with a remaining lease of 49 years, stands at an estimated value of $85,144, translating to a price per square foot (PSF) of $426. This valuation reflects a market price that is in alignment with the baseline, indicating a stable market condition for HDB properties in this region. The model confidence is rated as high, underpinned by robust data analysis from 58 recent HDB resale transactions in the vicinity, which provides a reliable foundation for this assessment.

The dynamics of the Geylang property market suggest a nuanced interplay between leasehold tenure and buyer sentiment. With a remaining lease of 49 years, potential buyers may weigh the implications of leasehold depreciation against the property's location advantages. Geylang's vibrant community and accessibility enhance its appeal, potentially mitigating concerns related to lease length. As such, the current valuation not only reflects the intrinsic value of the property but also encapsulates the sentiments and trends prevailing in the local HDB market.