5-Room HDB for Room Rent: 116 Lengkong Tiga

The valuation of the 5-room HDB unit in Geylang, with an estimated value of $59,550, reflects a stable market condition, as evidenced by its calculated price per square foot (PSF) of $496. This valuation is significant, particularly given the remaining lease of 61 years, which positions the property within a desirable bracket for both young families and investors looking to capitalize on Geylang’s evolving landscape. The market price shows a 0% difference from the baseline, indicating a equilibrium state where demand and supply are well-matched, suggesting strong market confidence and resilience in the area.

Our analysis is bolstered by a robust model confidence rating, which draws upon data from 21 recent HDB resale transactions in the vicinity. This high level of confidence underscores the reliability of the valuation, reflecting comprehensive market dynamics and buyer sentiment. As Geylang continues to develop, with ongoing urban renewal initiatives and infrastructural improvements, the HDB market is poised for potential appreciation, making this property an attractive option for discerning buyers.