Master Room (HDB) for Rent in 104 Potong Pasir Avenue 1

The valuation of the 2-room HDB located in Geylang, with a remaining lease of 57 years, presents a nuanced perspective of the current market dynamics. Priced at an estimated value of $76,761, which translates to approximately $590 per square foot, this property reflects a market price that is aligned with the baseline, indicating a stable yet cautious sentiment among potential buyers and investors. With a model confidence rating of low, it is essential to recognize that fluctuations in the market could significantly impact future valuations.

Analyzing the six recent HDB resale transactions in the vicinity reveals a critical interplay between lease duration and market demand. As the remaining lease approaches the 60-year mark, buyer sentiment may lean towards properties with longer leases, potentially influencing resale values adversely. However, Geylang's unique appeal, characterized by its vibrant community and strategic location, may continue to sustain interest among first-time buyers. This property serves as a reminder of the complex factors that influence HDB values, emphasizing the importance of both quantitative data and qualitative insights in property valuation.