Terraced House for Room Rent: Singa Hills

The recent valuation of the HDB 2-room unit in Geylang, standing at an estimated value of $88,141 ($678 PSF), reflects a stable market environment with no deviation from the baseline price. This valuation is underpinned by a robust dataset of 40 recent HDB resale transactions in the vicinity, which provides a comprehensive benchmark for assessing the property’s worth. The model confidence is rated as high, indicating a reliable and accurate estimation based on prevailing market conditions.

With a remaining lease of 89 years, this property is positioned favorably against the backdrop of Singapore's dynamic real estate landscape. The longevity of the lease contributes positively to its valuation, ensuring potential buyers that they will enjoy many years of occupancy without concerns over lease expiry. Furthermore, the Geylang area is characterized by its vibrant community and accessibility, which continue to attract interest among both homeowners and investors alike. As the market remains stable, this property stands as a testament to the enduring appeal of HDB units in well-located districts.