4-Room HDB for Room Rent: 15 Upper Boon Keng Road

The HDB 4-room unit located in Geylang, with a remaining lease of 48 years, presents an estimated valuation of $82,222, translating to a price per square foot (PSF) of $411. This valuation reflects a stable market position, with a market price aligning closely to the baseline, indicating no significant fluctuation in pricing at this juncture. Such stability suggests a balanced demand and supply dynamic within the Geylang precinct, which is known for its vibrant cultural tapestry and strategic location.

However, it is crucial to note the model confidence for this valuation is classified as low, attributed to the limited data pool—only one recent HDB resale transaction in the vicinity. This scarcity of transactional data may introduce volatility and uncertainty in the valuation, particularly as the remaining lease period approaches a critical threshold. As leasehold properties age, their desirability can fluctuate, impacting future resale opportunities. Investors and potential buyers should weigh these factors carefully, considering both the property’s remaining lease and the overarching market conditions that influence HDB values in Singapore.