4-Room HDB for Room Rent: 224C Mount Vernon Road

The valuation of the 4-room HDB unit in Geylang, with a remaining lease of 98 years, stands at an estimated value of $128,885, translating to a price per square foot (PSF) of $859. This figure indicates a stable market position, as it reflects a 0% deviation from the baseline market price, suggesting that the property is fairly valued relative to its peers in the immediate vicinity. The high model confidence rating underscores the robustness of our valuation methodology, which is informed by a comprehensive analysis of 499 recent HDB resale transactions in Geylang.

Given the remaining lease duration, this HDB unit presents a compelling opportunity for prospective buyers who are looking for a long-term investment in a dynamic urban environment. The Geylang locality, known for its rich cultural heritage and strategic accessibility, contributes to a resilient demand for HDB properties. As the market continues to evolve, this valuation reflects not only the intrinsic value of the property but also the broader market dynamics that favor established neighborhoods with strong community ties and infrastructure development.