5 Room (5I) HDB for Rent in 112 Lengkong Tiga

The valuation of the 5-room HDB property in Geylang, with a remaining lease of 61 years, stands at an estimated value of $667,451, translating to a price per square foot (PSF) of $496. This assessment reflects a market price that is consistent with the baseline, indicating a stable and balanced market condition for this segment of HDB properties. The confidence in this valuation is underscored by the analysis of 21 recent HDB resale transactions in the immediate vicinity, which provide a robust dataset for comparative purposes.

In the current market landscape, properties with a remaining lease of over 60 years are generally viewed favorably, as they still offer ample time for potential homeowners and investors to benefit from the asset. The Geylang area, known for its vibrant culture and accessibility, has shown resilience in property values, contributing positively to the overall market dynamics. The absence of a price variance from the baseline suggests that buyers are currently willing to transact at established market rates, reflecting a healthy demand for HDB properties in this desirable locale.