Common Room (HDB) for Rent in 111 Lengkong Tiga

The valuation of the HDB 2-room apartment in Geylang, with a remaining lease of 62 years, stands at an estimated value of $38,536, translating to a price per square foot (PSF) of $642. This figure reflects a market price that is unchanged from the baseline, indicating stability in the current market conditions. Such consistency in valuation is particularly noteworthy given the dynamic nature of the real estate sector in Singapore, where fluctuations can often be observed due to various macroeconomic factors and local demand-supply dynamics.

However, the model confidence for this valuation is classified as low, suggesting that while the estimated value is grounded in data from six recent HDB resale transactions in the vicinity, there may be underlying market variances that have not been fully accounted for. Potential buyers and investors should consider the implications of the remaining lease period of 62 years, which can significantly influence market interest and future resale potential. The Geylang area, known for its vibrant culture and accessibility, continues to attract interest, yet the longevity of the lease may play a critical role in buyer sentiment and overall investment attractiveness.