5-Room HDB for Room Rent: 59A Geylang Bahru

The valuation of the HDB 5 Room unit located in Geylang, with a remaining lease of 70 years, stands at an estimated value of $134,812, translating to a price per square foot (PSF) of $899. This valuation reflects a neutral market signal, indicating a market price that aligns precisely with the baseline, showcasing a stable market environment for HDB properties within this locale.

Supported by a robust data foundation, the valuation is drawn from an analysis of 37 recent HDB resale transactions in the vicinity, enhancing the model's confidence level to high. The stability in pricing suggests a healthy demand for HDB units in Geylang, which is often characterized by its vibrant community and accessibility. As the remaining lease period extends to 70 years, potential buyers may find this appealing, particularly in a market that increasingly values longevity in property tenure. The overall dynamics of Geylang’s property market continue to present opportunities for both investors and owner-occupiers alike.