5-Room HDB for Room Rent: 116 Lengkong Tiga

The subject property, a 5-room HDB flat located in the vibrant district of Geylang, boasts a remaining lease of 61 years, positioning it strategically within a desirable urban locale. With an estimated market value of $59,550, translating to $496 per square foot (PSF), this property exemplifies a stable investment opportunity in the current real estate landscape. The valuation reflects a market price that is in perfect alignment with the baseline, indicating a strong equilibrium in buyer sentiment and market demand.

Our analysis, grounded in data from 21 recent HDB resale transactions within the vicinity, reveals a robust model confidence level of high, suggesting that the valuation is both reliable and reflective of current market conditions. The Geylang area, known for its rich cultural heritage and strategic accessibility, continues to attract diverse demographics, further enhancing the appeal of this property. As leasehold properties with substantial remaining tenure become increasingly sought after, this HDB unit stands out as a compelling option for both homebuyers and investors aiming to capitalize on Singapore's dynamic housing market.